Nifty eyes 8350, Sensex up 150 pts; HDFC twins, ICICI Bank lead
The market has opened on a higher note with the Nifty reclaiming 8300. The market will also take cues as investors looked to President-elect Donald Trump's news conference later in the day for any clues to his policies on tax, fiscal spending, international trade and currencies. The 50-share index is up 42.20 points or 0.5 percent at 8330.80. The Sensex is up 131.59 points or 0.5 percent at 27031.15.
Tata Steel, Dr Reddy's Labs, HDFC Bank, Infosys and ICICI Bank are top gainers in the Sensex.
The Indian rupee opened lower by 5 paise at 68.23 per dollar on Wednesday versus previous close 68.18.
"The rupee is expected to trade steadily in a narrow range of 68.15-68.35/dollar."
Asian shares stood near two-month highs. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed in early Wednesday trade.