Positive start on D-Street, Nifty above 11,300

Sectoral indices trading in green, Metal-pharma outperform

Mumbai.

It is a positive start on the Dalal Steet with Nifty trading above 11,300 on Wednesday.

The Sensex is up 94.73 points at 37,385.40, while Nifty is up 35 points at 11313.90. About 669 shares have advanced, 266 shares declined, and 41 shares are unchanged.

Coal India, Tata Steel, Yes Bank, Tata Motors, Eicher Motors, Dr Reddy’s Lab are trading higher, while HDFC Bank, HDFC are trading lower. Midcap has outperform with a 0.5 percent gain

All the sectoral indices are trading in green with metal and pharma up over 1 percent.

Govt Benchmark Bond Yield opens at 8.12 percent against previouse close of 8.14 percent.

Rupee Opens: The Indian rupee opened higher by 27 paise at 72.71 per dollar on Wednesday versus previous close 72.98.

On Tuesday, the rupee closed at record low at 72.98 per dollar on the back of higher crude prices. It fell 47 paise in yesterday trading session.

Rupee fell more than 1 percent in last 2 days.

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