The BSE"s 30-share benchmark index- Sensex is expected to open higher on Wednesday ahead of the Wholesale Price Index (WPI) for the month of March. Investors" sentiments are also likely to be supported by the World Bank"s prediction of 8 per cent GDP growth for India by the year 2017.
Overnight, the US stocks ended lower, following which the Asian markets opened on a mixed note. China"s Shanghai Composite was trading at 4,148, up by 13 points; Hong Kong"s Hang Seng was trading above 73 points at 27,635; and Singapore"s Straits Times was at 3,536, up by 15 points. On the other hand, Japan"s Nikkei 225 and Taiwan Index were trading weak at 19,909 and 9,555 points, respectively in the early trading session.
Back home, the BSE"s Sensex closed at 29,044.44, up by 165 points, while the NSE"s wide-based Nifty closed at 8,834, up by 53.65 points in the previous trading session. On BSE, Bharti Airtel was the top gainer with a rise of 3.18 per cent, followed by BHEL 2.98 per cent, Sun Pharma 2.69 per cent, L&T 2.30 per cent, RIL 2.07 per cent, HUL 1.74 per cent, Cipla 1.51 per cent and Tata Power 1.27 per cent.
Top losers of the BSE Sensex pack were M&M, which closed down by 2.58 per cent, Hindalco 1.38 per cent, GAIL India 1.13 per cent and SSLT 1.06 per cent.
The Market breadth, indicating the overall strength of the market, was strong. Out of total shares traded, 1703 shares advanced, 1124 shares declined and 137 were unchanged.