Sensex Today: Frontline indices started Wednesday’s trade on a positive note tracking strong cues from the global peers, as US yields dipped to 4.65 per cent from a 16-year record high of 4.86 per cent last week.
The S&P BSE Sensex opened almost 300 points higher at 66,376, and was quoting around 66,390. The NSE Nifty was seen atop the 19,750 level – up 95 points.
In the broader market, the BSE MidCap and the SmallCap indices advanced around 0.8 per cent.
SBI, Tata Motors, Titan, IndusInd Bank and JSW Steel were the top gainers among the Sensex 30.
Back home, shares of IT companies are likely to be in focus as TCS kicks-off the Q2 earnings season, and the board will also be considering a proposal for share buyback. Watch IT sector Q2 preview.
Global Cues
Nearer home tracking gains on the Wall Street, Hang Seng rallied 1.5 per cent, Kospi zoomed over 2 per cent, and Taiwan jumped 0.8 per cent. Nikkei was up 0.5 per cent today.
Overnight, the US stocks ended higher for the third straight day Tuesday folllowing the favorable commentary from Federal Reserve officials, and a dip in bond yields. The 10-year Treasury yields declined to 4.64 per cent. Earlier in the day, European markets too ended with strong gains. The FTSE 100, CAC and DAX were up around 2 per cent each.
Brent Crude Oil remained steady around $88 level.
Source: News18