Stock Market: Sensex and Nifty gains over 300 and 100 points respectively

The domestic stock market on Wednesday began its business on a positive note. The Sensex opened higher with the benchmark BSE Sensex reclaiming the 34,000-mark.

Notably, the Sensex gained 356 points or 1.05 percent at 34,204, while the broader NSE Nifty rose 116 points or 1.14 percent at 10,262. Meanwhile, the Indian currency rupee was trading at 73.23 per dollar as compared with its previous close of 73.57.

The top five Nifty gainers on the BSE platform were ICICI Bank, Asian Paints, Tata Motors, Mahindra and Mahindra and Adani Ports. On NSE, sub-indices Nifty Realty, PSU Bank and Financial Service surged the most, gaining as much as 1.99 percent.

On the other hand, Asian stocks edged lower on Wednesday as concerns, ranging from worries about US corporate earnings to Middle East tensions, weighed on sentiment while crude oil approached two-month after Saudi Arabia flagged possible supply increases.

However, both Sensex and Nifty fell for the fourth session in a row on Tuesday to hit over six-month low levels. The BSE index had ended 287 points lower at 33,847. Similarly, the NSE Nifty dropped 98 points to end at 10,147.

Also Read: Stock market update: Sensex up over 100 points, Nifty trades flat