The Market has opened firmed with support from oil & metal stocks. The Sensex is up 107.73 points at 29107.87 and the Nifty is up 32.30 points at 8788.85. About 492 shares have advanced, 101 shares declined, and 137 shares are unchanged.
ONGC, Tata Power, Cipla, Axis Bank and SBI are top gainers while Hero, ICICI Bank, NTPC, HDFC Bank and Coal India are major losers in the Sensex.
The Indian rupee opened flat at 61.66 per dollar against 61.67 Tuesday.
The spot rupee started the day marginally in green zone, with a gain of 4 paise at 61.63 as against the US dollar.Yesterday, the domestic rupee ended with a gain of 13 paise at 61.67.Now, the Indian currency is quoted at 61.62 - up 5 paise.
The dollar nurses broad losses, having suffered its biggest one-day fall in over a year as investors cut long positions. The market instead snapped up commodity currencies on a further recovery in oil prices and a surge in copper.
Shares of Jubilant Life Sciences plunged 7 percent intraday on Wednesday as it posted a consolidated net loss of Rs 11.16 crore for the third quarter ended December 31, 2014. The company had a net profit of Rs 143.43 crore during the same period of previous fiscal.
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