Market Opens: It is a strong start for the Indian indices on June 19 with Nifty above 11,750 level.
At 09:18 hrs IST, the Sensex is up 267.07 points or 0.68% at 39,313.41, and the Nifty up 81.90 points or 0.70% at 11,773.40. About 523 shares have advanced, 288 shares declined, and 33 shares are unchanged
Tata Steel, Tata Motors, Indiabulls Housing, NMDC, JSPL, SAIL, Bank of Baroda, Bank of India, SBI and Ashok Leyland are among major gainers on the indices, while losers are BPCL, IOC and Britannia.
All the sectoral indices are trading higher led by PSU bank, metal, infra, auto, energy, IT and pharma.
Rupee Opens: The Indian rupee opened higher by 14 paise at 69.56 per dollar on Wednesday versus Tuesday's close 69.70.
Market at pre-open: Benchmark indices are trading positive in the pre-opening session with Nifty above 11,700 level.
At 09:02 hrs IST, the Sensex is up 65.01 points or 0.17% at 39111.35, and the Nifty up 49.80 points or 0.43% at 11741.30.
Technical Analyst, Prakash Gaba:
The Nifty has unfolded weak and has traded lower but has closed mildly in the green. Technically now 11,606 is a support to deal with and upside to 11,818 is not ruled out.
The Nifty Bank unfolded and traded weak but has closed flat for the day. Technically now 30,155 is a support and upside to 30,819 is not ruled out.
Crude Update: Oil prices climbed on Wednesday, extending sharp gains from the previous session on rekindled hopes for a US-China trade deal and on continued tensions in the Middle East after tanker attacks there last week.
Wall Street ends higher: Wall Street surged on Tuesday and the S&P 500 approached a record high after Washington rekindled trade talks with Beijing, boosting sentiment along with growing investor confidence that the Fed will cut interest rates this year.
SGX Nifty: Trends on SGX Nifty indicate a positive start for the broader indices in India, a gain of 44 points or 0.38 percent. Nifty futures were trading around 11,756-level on the Singaporean Exchange.
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