The market on Wednesday opened higher amid the global uncertainty. The Sensex traded up 71.48 points or 0.3% at 27307.14 and the Nifty traded up 22.40 points or 0.3% at 8420.40.
Shares such as Tata Motors, HDFC, Axis Bank, Cipla and Tata Steel are top gainers while Coal India, ICICI Bank, Bajaj Auto, Lupin and HUL are losers in the Sensex.
The Indian rupee opened marginally higher at 67.93 per dollar on Wednesday versus previous close of 67.95 against the US dollar. The dollar fell to a four-week low, moving lower against all group of 10 currencies with sterling leading the charge.
After a soothing speech on Brexit from British Prime Minister Theresa May, the pound’s largest one-day percentage gain since 2008 was triggered.
However, the global markets fell on the back of uncertainty over Trump’s policies and talks of a hard Brexit gaining momentum after British PM Theresa May’s speech on Tuesday.
Also, the prices of gold jumped more than 1% to its highest in nearly eight weeks following Trump?s comments on the greenback.
The Wall Street ended lower, with financials lagging as well as Trump’s views on dollar being too strong. The dollar fell to a four-week low, moving lower against all group of 10 currencies with sterling leading the charge.
Source: dnaindia.com