Nifty around 11,800, Sensex up 300 pts; Tata Steel gains 3%
Market Opens: It is a strong start for the Indian indices on June 19 with Nifty above 11,750 level.
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
Stocks in the news: Dabur, Can Fin Homes, Jain Irrigation, NLC India, Cochin Shipyard