Market Live: Nifty opens above 9,800, Sensex
moderately higher; Biocon zooms 8%
Equity benchmarks opened moderately higher on
Wednesday, with the Nifty climbing above 9,800 level despite weak Asian cues,
backed by Reliance Industries, healthcare and auto stocks.
The 30-share BSE Sensex was up 62.75 points at
31,809.84 and the 50-share NSE Nifty gained 25.45 points at 9,811.50.
IndusInd Bank, ACC, Ambuja Cements, Bharti Airtel,
Idea Cellular and IOC were early gainers.
The broader markets also participated in uptrend on
positive breadth. About 761 shares advanced against 244 declining shares on the
BSE. Nifty Midcap 100 gained 0.5 percent.
Biocon surged 8 percent while Tilaknagar Industries,
Globus Spirits, United Breweries and United Spirits rose 1-10 percent.
HUDCO, CDSL, AU Small Finance and PNC Infratech
continued to rally, up 2-6 percent whereas CCL Products and Vista Pharma were
down 4-6 percent.
Asian equities were mostly lower as markets stateside
digested the release of a series of emails from the son of President Donald
Trump.
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