Nifty hits new 2016 high, Sensex firm; ONGC, Maruti gain 1-2%
The Nifty has hit fresh high of 2016 as the 50-share index is up 18.60 points or 0.2 percent at 7981.25. The Sensex is up 41.62 points or 0.2 percent at 26048.92 About 1110 shares have advanced, 540 shares declined, and 95 shares are unchanged.
ONGC, Tata Motors, Matuti, ITC and Hero are top gainers while Axis Bank, ICICI Bank, SBI, Lupin and HDFC are losers in the Sensex.
The Indian rupee has opened at 66.52 per dollar, up 0.04 percent or 0.02 on Wednesday.
Major Headlines of the day:
Biocon's Q4 net profit jumps 250% to Rs361 cr on exceptional income.
Bharti Infratel net profit up 19% in March quarter; board approves share buyback.
Patanjali aims to beat Nestle, P&G & Colgate.
Trend in FII flows:The FIIs were net sellers of Rs 512.22 Cr in the cash segment on Tuesday while the DIIs were net buyers of Rs 21.21 Cr, as per the provisional figures
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