Sensex Up Over 250 Points, Nifty Trades Above 17,950 Led By Infosys, Reliance
NDTV
Infosys, Reliance Industries, L&T, TCS, Tech Mahindra State Bank of India, ICICI Bank and UltraTech Cement were among the top movers in the Sensex.
The Indian equity benchmarks moved higher on Wednesday led by gains in index heavyweights like Infosys, Reliance Industries, Larsen & Toubro, Tata Consultancy Services, Tech Mahindra State Bank of India, ICICI Bank and UltraTech Cement. The Sensex rose as much as 305 points to hit an intraday high of 60,334 and Nifty 50 index was trading above its important psychological level of 17,950.
As of 9:23 am, the Sensex was up 232 points at 60,260 and Nifty index advanced 68 points to 17,956.
Global shares hovered at record highs while currency markets and U.S. Treasuries were steady on Wednesday, as investors looked to the expected winding down of pandemic-era monetary stimulus in the world's largest economy.
The Federal Reserve is expected to announce the tapering of its $120 billion-a-month asset purchase programme in its policy statement at 1800 GMT. Ahead of the much anticipated meeting, Asian shares failed to follow a strong lead from Wall Street.
