Market hits a green opening, up by 195 points

Marco Green
March 21, 2018

The broader NSE index closed 0.31 percent higher at 10,155.25, while the benchmark BSE index ended up 0.42 percent at 33,136.18.

Mumbai: The rupee edged marginally higher by 1 paisa to 65.19 against the United States dollar in early trade ahead of the Federal Reserve's policy decision on Wednesday. It included gains in all other sectoral indices led by banking, realty and PSU stocks with over 1.5% increase.

At 2:15 PM, the Nifty 50 was at 10,152.35 points, up 28 points or 0.28%, while BSE-Sensex was at 33,134.04 points, up 137.28 points or 0.42%.

Stock markets opened in green on Wednesday, taking cue from global markets ahead of the US Federal Reserve's decision on the interest rates.

Axis Bank, BPCL, Bharti Airtel and Indiabulls Housing Finance climbed 1-3 percent in the Nifty pack, while Eicher Motors, Infratel and Hero MotoCorp were among the prominent decliners.

Short-covering by speculators too supported the rally, they added.

Meanwhile, on a net basis, domestic institutional investors (DIIs) made purchases worth Rs 731.17 crore, while foreign portfolio investors (FPIs) bought shares worth Rs 344.16 crore on Tuesday, provisional data showed.

HDFC Group stocks and Reliance Industries helped the market close higher but the selling pressure in ICICI Bank and Tata Stocks capped upside.

Hang Seng up by 1.15 per cent, South Korea's Kospi was also up by 0.11 per cent.

Other reports by Click Lancashire

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