While the Nifty gained 30 points, or 0.15 percent, to 19,469.40, the Sensex was trading 101.46 points, or 0.15 percent, higher at 65,719.30.
Prior to the release of retail inflation data and the Q1 results of IT goliaths HCLTech and TCS, domestic markets opened higher on Wednesday. The broad NSE Nifty50 index increased 42.40 points, or 0.22 percent, to begin at 19,481.80. The BSE benchmark Sensex increased 141.44 points, or 0.21 percent, to open at 65,759.28.
By 9.40 am, the Nifty had risen 30 points, or 0.15 percent, to 19,469.40, while the Sensex was trading 101.46 points, or 0.15 percent, higher at 65,719.30.
With the exception of Nifty Auto, all sectors opened in the green, with Nifty Oil & Gas rising 0.90%, consumer durables rising 0.65%, Nifty Metal rising 0.62%, Nifty Media rising 0.36%, and the PSU Bank index rising 0.34%.
As all indexes were trading in green at open, broader markets also contributed to the rally’s extension. The Nifty Smallcap 100 increased by 0.64%, the Nifty Smallcap 50 by 0.58%, the Nifty Microcap 250 by 0.72%, and the India Vix by 1.13%.
The biggest gainers in the morning trade included ONGC, Coal India, Reliance, Titan, Kotak Bank, UPL, Bajaj Finance, SBI Life, ICICI Bank, and HDFC Bank. The top losers during this time were Asian Paints, IndusInd Bank, UltraCement, HCLTech, Hero MotoCorp, M&M, and Infosys.