Know how the markets opened today

Indian stocks resumed their upward journey on Wednesday as traders bought into beaten down shares after yesterday's mild bout of profit booking and waited eagerly for more earnings on Dalal Street. Telecom, Textiles and Metal futures were in demand in early deals.

The Nifty rose 17 points to trade at 8,278 with Bharti Airtel, Bosch, Vedanta, Adani Ports and Idea Cellular topping the gainers charts. Meanwhile, Dr. Reddy's, BPCL, Tata Power, Sun Pharma and BHEL slipped in early deals on the Nifty whose Advance-Decline Ratio stood at 32/17.

Federal Bank, post dismal earnings, Hero Motor and Infosys were the three top traded stocks on the National Stock Exchange.

Broader markets were flat. Bit gains were seen on the CNX 100, CNX 200 and CNX 500 indices. Benchmarks representing the mid cap and the small cap sectors were up modestly. The sectoral space was mostly positive with decent gains seen on indices tracking the Metals, Media, Energy and Auto sectors. Mild profit booking was seen on pharma and FMCG stocks.

The Sensex was up marginally on the Bombay Stock Exchange, gaining 68 points, or 0.3 percent, to 27,374 points. Reliance Industries, Hindalco, Cipla and Wipro were among gainers while Larsen, Tata Steel, Lupin and HDFC slipped in trade. The Advance-Decline Ratio stood at 20/10 on the Sensex and Tata Motors, Vedanta and HDFC Bank were the top traded stocks on the index.

The bulls remained in control of the wider market where 1,044 shares gained compared with 504 that fell.

Mid cap futures continued to dominate trade in the derivatives trade with IFCI, Kaveri Seed, Unitech and Vedanta Futures gaining ground. Slippages were seen on Kotak Bank, Just Dial and Dr. Reddy's futures.


Phoenix Mills, Kirloskar Brotyhers and Kohinoor Foods figured on the volume buzzers list on the NSE.

(Image credits: Indiatimes)