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11 October 2017, 03:25 | Edward Lowe
Markets open on a higher note on Wednesday
Retail investors and domestic financial institutions built up positions ahead of release of data sets of IIP for August and inflation for September, to be released tomorrow. But in the end, the BSE index ended lower by 90.42 points, or 0.28 per cent, at 31,833.99, with profit-booking posing an overhang in the later part of the session.
Top gainers included Bharti Airtel, TCS, HPCL, BPCL, Wipro, Bharti Infratel, M&M and HUL while BHEL, Tata Motors, Yes Bank, SBI, Vedanta, Dr Reddy's Labs and Lupin declined.
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Domestic markets also took support from the other Asian markets, where shares hit decade highs.
Japan's Nikkei was up 0.22 per cent and Shanghai Composite rose 0.23 per cent in their early trading. Wall Street scaled all-time highs overnight.
Extending its rally, the 30-share index advanced 139.17 points, or 0.44 percent, to 32,063.58. Reliance Industries too rose 1.54 per cent to Rs 856.35 ahead of its second quarter earnings later this week.
On Wednesday, the equity benchmarks Sensex and Nifty registered losses in the last hour of trading to finish below the previous closing levels.
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