GMR bags airport project: Share price of GMR Infrastructure rose 2 percent in the early trade on Wednesday after company emerged highest bidder for airport in Andhra Pradesh.
GMR Airports (GAL), a subsidiary of GMR Infrastructure, has emerged as the highest bidder for the development, operations and management of greenfield international airport at Bhogapuram, Andhra Pradesh (AP) on a PPP basis.
Market Opens: Benchmark indices opened on higher note on Wednesday with Nifty hovering around 10,900 level.
The Sensex is up 216.17 points at 36189.88, while Nifty is up 52.20 points at 10887.50. About 510 shares have advanced, 98 shares declined, and 21 shares are unchanged.
Yes Bank, Adani Ports, UltraTech, HPCL, ICICI Bank, RIL, JSW Steel are among major gainers, while Wipro, HCL Tech, TCS, Tech Mahindra are trading lower.
Among the sectors, except IT, all other indices are trading in green. Midcap and smallcap also trading with 0.5 percent gain.
Rupee Opens: The Indian rupee opened marginally lower at 71.11 per dollar on Wednesday versus previous close 71.06.
Market at pre-open: Benchmark indices are trading mixed in the pre-opening session with Nifty above 10,800 level.
The Sensex is up 95.46 points at 36069.17, while Nifty is down 14.90 points at 10820.40.
Major gainers includes IOB, Time Technoplast, Bharti Airtel, Tata Steel, Yes Bank, while losers are MGL, RIL, Allahabad Bank in the pre-opening.
Crude Update: Oil prices rose on Wednesday after a report of declining crude inventories in the country and as producer club OPEC seemed to stick to its supply cuts despite pressure from US President Donald Trump.
Asian shares trade firm: Asian shares edged higher on Wednesday and the dollar fell to a three-week low after Federal Reserve Chairman Jerome Powell reinforced the US central bank's recent shift towards a more "patient" approach on policy in the face of a slowing economy.
Wall Street ends lower: Wall Street's three major indexes fell slightly after a choppy session on Tuesday as investors eyed mixed U.S. economic data and corporate news and waited for clarity on issues such as the U.S.-China trade talks.
SGX Nifty: Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 37 points or 0.34 percent. Nifty futures were trading around 10,860-level on the Singaporean Exchange.
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