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The Indian stock market opened higher for second straight day to a two-month high on Wednesday. Sentiments remained bullish with Prime Minister Narendra Modi’s statement that India is on threshold of becoming most digitised economy in the world.
IndusInd Bank rules the sectoral index i.e. BSE Bankex on Wednesday by gaining more than 4% on intraday basis. HDFC Bank and ICICI Bank are contributing heavily to the BSE Bankex which is up by 1.75% trading at 21,404 levels.
The BSE Sensex surged by 199 points at 27,098, while the Nifty50 is trading higher by 55 points at 8,343 mark. The BSE Mid-cap Index was up by 1.06% at 12,580, whereas BSE Small-cap Index was up by 1% at 12,709. Tata Steel, Hindalco, IndusInd Bank, UltraTech Cements and Ambuja Cements were among the gainers, whereas Bajaj Auto, ITC, Bosch, Kotak Bank and TCS were among those losing sheen on NSE.
A total of 46 stocks registered a fresh 52-week high in trade today, while six stocks touched a new 52-week low on the NSE. Out of 1,902 stocks traded on the NSE, 456 declined, 1,055 advanced and 391 remained unchanged today. Some buying was observed in metal, Banking, media, financial services, FMCG and realty sectors, while IT stock showed weakness on NSE. The INDIA VIX was down 3.4% at 14.67.
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