Share Market Live: Sensex up 170 points; Nifty hits record high\, Indiabulls Hsg rises 3%

Share Market Live: Sensex up 170 points; Nifty hits record high, Indiabulls Hsg rises 3%

Share Market updates: Meanwhile, Sensex rose 108 points and is trading at 39,165. Nifty is up 11.80 points and is trading at 11,725 levels.

Sensex rose 108 points and is trading at 39,165. Nifty is up 11.80 points and is trading at 11,725 levels.

Benchmark indices opened at a record high; Nifty was trading at 11,760.2 in morning today. For the first time in several months the markets consolidated with the BSE Sensex closing above 39,000 levels on Tuesday.

On weekly basis, Sensex and Nifty gained 2.8% each. In monthly action,  Nifty gained 8.1% and Sensex rose 8.7%.

Buoyed by positive movement in global markets and the outcome of RBI policy decision due later this week, most of the sectors indices, except IT are trading in green led by bank, metal, infra, pharma and energy.

While Jet Airways fell 5 percent in the pre-opening trade, Yes Bank, Tata Steel, Indiabulls Housing, Vedanta, JSW Steel, IndusInd Bank, Hindalco, Bajaj Finance, Marico, M&M, Tata Motors, Tata Steel were some of the major gainers on the indices

Meanwhile, Sensex rose 185 points and is trading at 39,241. Nifty is up 44 points and is trading at 11,746.

Here's a look at live updates for the Indian share market today.

11:30 am: Tata Steel shares climbed nearly 2 per cent after the rating agency Standard & Poor's (S&P) upgraded its outlook on the stock from stable to positive.

11:15 am: Muthoot Finance has hit a new high of Rs 631, up 2.4 % on BSE, after the company announced that its board will meet on Friday, April 5 to consider interim dividend. The stock has surged 30 % in two months post Q3 results. 

11:00 am: The initial public offer (IPO) of Metropolis Healthcare opened today. The issue consists entirely of an offer for sale of 1.37 crore shares, at a price band of Rs. 877-880 per share. The issue closes on 5 April.

10:55 am: Nifty has hit a new 52 week high of 11761. Nifty's volatility has been low at 0.25%. Nifty has been gaining consecutively for the last 5 days and has risen 2.58% in the period.

10:45 am: Jet Airways is down 3%, falling for the 5th consecutive day. Company has informed the exchanges about grounding another fifteen aircraft due to non-payment of amounts outstanding to lessors under their respective lease agreements. With 15 more planes out of operations, its fleet has woefully come down to just 20 from as high as 123, operating over 650 flights across the country and the continents.

10:35 am: Nifty is trading up by 29.95 points and Sensex is up by 150.68 points

10:30 am: Nifty Realty (2.01%),BSE Realty (1.86%)

10:15 am: 33 Sectors advanced (Top gainer: Nifty Realty 2.05 %) while 10 Sectors declined (Top loser: Nifty Media -1.01%)

10:00 am: Index losers are Eicher Motors, Britannia, Tech Mahindra, Wipro.

9:45 am: Index gainers this morning are Indiabulls Housing Finance, Yes Bank, ICICI Bank, Tata Steel and Power Grid.

9:30 am: Market has gained 0.35% while volumes have increased by 2.34%. More stocks have advanced and the overall market cap of the entire market has increased.

9:15 am: Sensex was up 199 points at 39175, while Nifty climbed 39 points at 11745.

9:05 am: Rupee opened flat at 68.72, marginally higher than the Tuesday's close of 68.74. Oil prices rose for a fourth consecutive day on Wednesday, while Gold prices slipped after touching their lowest level in four weeks.