The Indian stock market is marginally up on Wednesday, with select blue chips finding some support in early trades. A sharp fall in crude oil prices overnight and optimism about growth aid sentiment.
The BSE benchmark Sensex sailed past the 30,000 mark to 30,020.59 before giving up some gains. At 29,934.12, the Sensex is now up 12.94 points or 0.04% from its previous close. The Nifty50 of the National Stock Exchange, which advanced to 9346.30, is currently up 15 points or 0.17% at 9328.80.
In the forex market, the rupee opened at 64.12 against the U.S. dollar, up 9 paise from its previous close of 64.21.
Power Grid Corporation is up more than 3.5%. NTPC is adding 1.5%. ONGC, which had a good outing on Tuesday, is trading 0.75% up. Coal India, Tata Steel, GAIL India, Dr Reddy's Laboratories, Bajaj Auto, Mahindra & Mahindra, Hero Motocorp, Tata Motors and Bharti Airtel are also modestly higher. Reliance Industries, Cipla and Wipro are up marginally.
Bharti Infratel, UltraTech Cement, BPCL, Ambuja Cements, Indian Oil Corporation, Tata Motors DVR, ACC and Bank of Baroda are up 1% - 2.3%.
Sun Pharmaceutical Industries, ITC, Adani Ports, HDFC, Maruti Suzuki and Axis Bank are down marginally. Kotak Mahindra Bank, Yes Bank, IndusInd Bank and Aurobindo Pharma are also weak.
Godrej Properties is up more than 11% on strong volumes. On the National Stock Exchange, the Godrej Properties counter has clocked a volume of over 1.8 million shares so far in the session.
