The key domestic benchmark indices opened in a positive terrain during the morning trading session on Wednesday amid mixed global cues.
The market sentiments were bolstered after Finance Minister Arun Jaitley stated that rolling out the ambitious GST regime was “certainly" doable in 2016 and he was in continuous touch with the Congress party in a bid to persuade them to cooperate.
However, the gains in the bourses may be curbed as the markets are set to witness volatility as traders roll over their positions ahead of the expiry of the December futures and options (F&O) contracts on Thursday. Further, foreign portfolio investors may stay on the sidelines amidst the end of the year, weighing on volumes at Dalal Street.
At 09:25 AM, the Bombay Stock Exchange bellwether Sensex was at 26113.46 up by 33.98 points or by 0.13 per cent, while the NSE Nifty was at 7938.6 points, trading higher by 9.65 points or by 0.12 per cent.
The BSE Sensex touched an intraday high of 26130.2 and an intraday low of 26099.54 while the NSE Nifty touched an intraday high of 7938.6 and an intraday low of 7938.6.
The top gainers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 258.05,+1.14 per cent), Bharti Airtel Ltd. (Rs. 337.40,+0.88 per cent), Housing Development Finance Corporation Ltd. (Rs. 1243.00,+0.75 per cent), Dr. Reddy's Laboratories Ltd. (Rs. 3125.40,+0.74 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 241.75,+0.73 per cent), among others.
Meanwhile, ICICI Bank Ltd. (Rs. 263.80,-0.53 per cent), Reliance Industries Ltd. (Rs. 1010.05,-0.50 per cent), Hero MotoCorp Ltd. (Rs. 2726.80,-0.27 per cent), Maruti Suzuki India Ltd. (Rs. 4628.00,-0.23 per cent), Mahindra & Mahindra Ltd. (Rs. 1263.00,-0.16 per cent), were among the top losers on BSE.
The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 1457 shares traded, 1010 shares advanced, 368 shares declined while 79 were unchanged.
Globally, the Asian peers were trading mixed today as traders eyed the New Year while an overnight rally at Wall Street lifted financial and technology shares. Meanwhile, US stocks climbed sharply higher yesterday as a rebound in oil prices helped bolster bullish sentiment.