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MARKETS LIVE: Sensex up 250 points, Nifty near 10,700; Vedanta gains 2%
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SI Reporter |
Last Updated at February 20, 2019 09:59 IST
EVENT HIGHLIGHTS
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Shares of Vedanta were trading nearly 2 per cent higher in the early deals.
In the broader market, the S&P BSE MidCap index was trading 88 points, or 0.63 per cent higher at 13,954, while S&P BSE SmallCap index was ruling at 13,232.40, up 71 points, or 0.54 per cent in the early trade.
The rupee on Wednesday opened 5 paise higher at 71.29 against the US dollar amid drop in crude oil prices. The domestic unit weakened by 11 paise to end at 71.34 against the greenback on Monday, amid firming crude oil prices and persistent foreign fund outflows.
GLOBAL MARKETS
Asian stocks gained a tad on Wednesday after US-China trade talks resumed while investors awaited minutes from the US Federal Reserve for clues on policymakers’ thinking on interest rates and its balance sheet reduction policy. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent in early trade. Japan’s Nikkei gained 0.4 per cent.
In the overnight trade, US stocks ended higher, lifted by upbeat results from Walmart.
OIL PRICES
Oil prices slipped from 2019 highs on Wednesday as rising US supply eroded OPEC cuts. US West Texas Intermediate (WTI) crude oil futures were at $55.84 per barrel at 6:56 am, down 25 cents, or 0.5 per cent, from their last settlement.
(with Reuters input)
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