10.02 am: The benchmark BSE Sensex rose by over 75 points in early trade on fresh buying in IT, oil and gas, banking and auto stocks after better than expected earnings by bluechips. Nifty was up 19.55 points at 8,281.55.
9.46 am: Falling for the second straight day, the rupee depreciated further by 7 paise to 65.12 against the dollar in early trade on Wednesday on increased demand for the US currency from importers. The BSE IT index was up 0.43 per cent at 11,284.47. Sensex was up 67.78 points at 27,375.
9.23 am: Sensex was up 60.92 points 27,368. Nifty was up 13.40 points at 8,275.05. In the 30-share index, Bharti Airtel and Hero MotoCorp were up 2.81 per cent and 1.34 per cent at Rs 371.85 and Rs 2,640.
The BSE Sensex and NSE Nifty opened on a flat note on Wednesday tracking mixed Asian cues. Sensex opened 5.52 points up at 27,312.35. Nifty opened 3.3 points down at 8,258.35.
On Tuesday post market hours, Hero MotoCorp reported a 1.1 per cent growth in net profit at Rs 772.06 crore during the July-September quarter. Biotechnology major Biocon posted an over two-fold jump in its consolidated net profit at Rs 306 crore for the second quarter ended September 30, 2015.
Companies such as Cairn India, JSW Steel, Blue Dart, Wipro, NIIT, Noida Toll, Tata Coffee, HDFC Bank may announce their September quarter earnings on Wednesday.
The Bombay Stock Exchange and the National Stock Exchange will remain closed on Thursday on account of ‘Dussehra’.
Sensex and Nifty declined 58.09 points and 13.40 points at 27,306.83 and 8,261.65, respectively, on Tuesday.
The FIIs as per Tuesday’s data were net buyers in equity and in debt segments both, according to data released by the NSDL. In equity segment, the gross buying was of Rs 3,468.06 crore against gross sell of Rs 2,404.93 crore. Thus, FIIs stood as net buyers of Rs 1,063.13 crore in equities. In the debt segment, the gross purchase was of Rs 436.05 crore with gross sales of Rs 393.49 crore. Thus, FIIs stood as net buyers of Rs 42.56 crore in debt.
Global Markets
New York: US stocks ended slightly lower on Tuesday as a decline in healthcare and biotech stocks offset gains in United Technologies and Verizon.
London: Britain’s top share index steadied at the close on Tuesday, with a rally in InterContinental Hotels Group and Whitbread following their well-received results underpinning the market.
Tokyo: Japanese stocks rose in cautious trading on Wednesday morning after investors shrugged off weak trade data that stoked expectations for the possibility of further stimulus when the Bank of Japan meets for its monetary policy review on Oct. 30.
(With inputs from agencies)