Sensex volatile, Midcap outperforms; Endurance up 22% on debut
Equity benchmarks continued to consolidate after yesterday's sharp run as investors awaited more quarterly earnings. The broader markets marginally outperformed benchmarks.
BHEL and GAIL topped the buying list, up 3-4 percent followed by Reliance Industries, Sun Pharma, Lupin, Axis Bank, ONGC and L&T.
The market has opened in greeen with the Nifty still below 8700. The 50-share index is up 17.75 points or 0.2 percent at 8695.65 and the Sensex is up 63.66 points or 0.2 percent at 28114.54. About 421 shares have advanced, 84 shares declined, and 33 shares are unchanged.
BHEL, Asian Paints, HDFC Bank, Sun Pharma and Axis Bank are top gainers while Tata Motors, Coal India and L&T are losers in the Sensex.
The Indian rupee opened marginally higher at 66.68 per dollar on Wednesday against previous close 66.72.
"Rupee to trade with positive bias following positive sentiment in domestic equity market. See resistance for the USD-INR at 66.80/dollar levels. The USD-INR pair will trade in a range of 66.50-66.80/dollar."