Sensex, Nifty at record high; Financial, auto stocks up

The market breadth was positive on the NSE with 1,018 shares advancing, 535 shares declining, and 510 remaining unchanged.

Equity benchmark indices opened higher on Wednesday tracking positive global cues. On the sectoral front, financial stocks are leading in morning session led by Indiabulls HF, and HDFC. Metal, pharma, banking, auto, and FMCG indices rose, while IT and media were trading in the red.

The Sensex was higher by 174 points at 39,231 levels, and the Nifty50 index rose 28 points at 11,741 levels. The market breadth was positive on the NSE with 1,018 shares advancing, 535 shares declining, and 510 remaining unchanged.

In the broader market, the BSE MidCap index was trading 85 points higher at 15,639, while the BSE SmallCap index was ruling at 15,180, up 64 points.

Shares of Marico gained 2% after the company said that during the fourth quarter they have witnessed stable demand conditions and healthy offtake growth on the back of the competitive strength of the franchise.

The volatility index, India VIX, was up 2.03% at 18.45.

Among stocks, Tata Motors, Indiabulls HF, and IndusInd Bank were trading higher, BPCL, Eicher, and IOC were trading lower on the NSE.

The most active stocks on the NSE are Tata Motors, Indiabulls HF, Yes Bank, and SBI.

Meanwhile, Asian stock markets bounced with US equity futures on Wednesday after a report that the US and China have ironed out most of their differences in trade negotiations. Treasury yields rose toward 2.5%.

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