Sensex opens over 200 points, Nifty surpasses 11,100; IT stocks fall

All sectoral indices are trading in the green, with gains seen among banks

Mumbai.

It’s a strong start to the market on Wednesday morning, with the Nifty surpassing 11,100-mark. The Sensex traded higher by over 200 points.

The Sensex is up 222.59 points or 0.61% at 36874.65, while the Nifty is higher by 67.50 points or 0.61% at 11135.00. The market breadth is positive as 432 shares advanced, against a decline of 98 shares, while 27 shares were unchanged.

All sectoral indices are trading in the green, with gains seen among banks, auto, FMCG, and metal names, among others. The midcap index is also trading higher by a percent.

Market opens It’s a strong start to the market on Wednesday morning, with the Nifty surpassing 11,100-mark. The Sensex traded higher by over 200 points.

The Sensex is up 222.59 points or 0.61% at 36874.65, while the Nifty is higher by 67.50 points or 0.61% at 11135.00. The market breadth is positive as 432 shares advanced, against a decline of 98 shares, while 27 shares were unchanged.

All sectoral indices are trading in the green, with gains seen among banks, auto, FMCG, and metal names, among others. The midcap index is also trading higher by a percent.

The Nifty IT index has seen selloff, while the FMCG index has given up all of its gains. Financials, too, have erased a major chunk of gains as well. Meanwhile, strength has continued in the pharmaceuticals space, with the Nifty Pharma index rising over 1 percent.

Shares of Axis Bank, Tata Steel, Lupin and Eicher Motors are the top gainers, while Wipro, ONGC, and HCL Tech have lost the most.

Yes Bank falls 1% Shares of Yes Bank are down over 1 percent as the Board has sought some extension of term for its MD & CEO Rana Kapoor till the completion of this financial year and being present at the annual general meeting. Here is a look at the intraday chart of the stock so far.

The Indian rupee opened flat at 72.70 per dollar versus previous close 72.69.

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