Market Live:
Sensex opens at record high, up 200 pts; Nifty hits 10,400; banks lead
Equity benchmarks
as well as Nifty Bank started off Wednesday's trade with record highs, backed
by banks, metals and telecom stocks. The rally was after the World Bank said
India's rank on 'ease of doing business' scale has risen from 130th to 100th
this year, helped by a slew of reforms in taxation, licensing, investor
protection and bankruptcy resolution.
The 30-share BSE
Sensex was up 209.28 points or 0.63 percent at 33,422.41 and the 50-share NSE
Nifty rose 61.20 points or 0.59 percent to 10,396.50.
About 950 shares
advanced against 202 declining shares on the BSE.
SBI, Bharti Airtel,
Axis Bank, Yes Bank, Vedanta, Tata Steel and JSW Steel were early gainers.
Dredging
Corporation, Syndicate Bank, Dabur India, VST Industries, Dwarikesh Sugar,
Dalmia Bharat Sugar, Escorts, Sanofi India, Triveni Engineering, PNB, UCO Bank,
Andhra Bank, Union Bank, IIFL Holdings, KPIT Technologies and InterGlobe
Aviation rallied 11-10 percent. Container Corporation, Blue Star fell 2 percent
each.
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