Market indices got off to a positive start on Wednesday morning backed by a positive lead from global peers.
The BSE’s Sensex saw a 248.28-point surge to 33,248.06, while the Nifty regained its 10,200 mark post a 64.9-point hike. The Nifty Bank rose one percent and public sector unit (PSU) Bank index saw a hike of two percent.
Shares of Reliance Industries, L&T, HDFC Bank, Infosys and ICICI Bank gained up to 1.5 per cent, while those of Eicher Motors, Bharti Infratel, Tech Mahindra, Hero MotoCorp, and Wipro were trading in red.
The Dow Jones Industrial Average rose 116.36 points to 24,727.27, the S&P 500 gained 4.02 points to 2,716.94 and the Nasdaq Composite added 20.06 points to 7,364.30.
Meanwhile, the rupee opened marginally higher at Rs.65.19 against one US dollar in early trade, ahead of the Federal Reserve’s policy decision today.