Share market LIVE updates: Sensex trades 200 pts higher; Nifty reclaims 10,200 as financials, realty stocks gain

Posted on: October 24, 2018, by :

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Share market LIVE today: Sensex and Nifty — the benchmark indices of the domestic equity markets — trimmed early morning gains on the back of heavy selling pressure in IT, media and pharma stocks. However, a strong rupee against the US dollar amid falling crude oil prices, and continued buying by domestic institutional investors kept market sentiment buoyed. The rupee opened strong in the early trade Wednesday, gaining 40 paise to 73.17 per US dollar versus its previous close at 73.57 against the greenback.

Sun Pharma stock was down over 2% and was the top drag on the Sensex index. Wipro shares were down nearly 3% ahead of its Q2 results to be announced later during the day. The BSE Sensex had surged over 450 points to scale an intra-day high of 34,300.97 points in opening trade on Wednesday. The NSE Nifty opened firmly above the 10,250-level at 10,278.15 points. The Nifty PSU Bank index traded higher on Wednesday, led by gains in shares of OBC, ONB, SBI, Syndicate Bank, Union Bank and Bank of India among others.

Bajaj Auto, Bharti Infratel, Kotak Mahindra Bank and Wipro are among the major Nifty companies which are expected to declare their quarterly earnings today. Among other companies are Bharat Financial Inclusion, Everest Industries, Hexaware Technologies, IDFC Bank, Jubilant Foodworks, Interglobe Aviation, KPIT Technologies, L&T Finance Holdings, Larsen & Toubro Infotech, M&M Financial Services, Radico Khaitan, Sterlite Technologies and TTK Prestige.