Indian domestic equity benchmarks opened in the green on Wednesday ahead of weekly expiry data. Nifty50 reclaimed 18,000-mark, while S&P Sensex added over 300 points in the market open. While the former opened at 18,097.85, later started the Wednesday at 60,619.91, a fresh record high for the 30-share index. Meanwhile, on sectoral indices Nifty Bank opened at record high at 38,735.30.
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On Nifty50 index, Tata Motors was up 10%, while ONGC, Tata Steel were top losers.The rally in this index was led by auto stocks as next in the line in the gainers list was Mahindra and Mahindra. Powergrid, Tata Consumers and Adani ports were other shares that pushed the Nifty50 to a new open above 18,000 level. Besides all, major Nifty indices, including Nifty Next 50, Nifty Mid Cap 50 and Nifty Financial Services opened in the green on Wednesday.
In the 30-share Sensex, 25 advanced and 5 declined. M&M was the index topper on Sensex with over 3% gain.
Earlier, Sensex gained over 300 points or 0.57% in preopen to 60,619.91 from previous close.
Earlier, major US markets closed Tuesday negative and the Asian markets started early hours trading on Wednesday on weak note. The wall street indices—the S&P 500 lost 10.79 points, or 0.25%, to end at 4,350.40 points; Nasdaq Composite lost 20.27 points or 0.14% to 14,465.93, while the Dow Jones Industrial Average fell 121.37 points or 0.35% to 34,374.69 to close Tuesday on negative note. Around 8.20 on Wednesday, Japanese Nikkei 225 was trading 0.22% down at 28,169, losing 62 points, while Sanghai Composite Index was also trading down 0.64% at 3524.63.
On Tuesday, Nifty50 added 46 points from its previous close, while Sensex gained 149 points to close at 17991.5 and 60,284.31 respectively on Tuesday.