(RTTNews) – Indian shares opened on a positive note Wednesday, tracking gains in global equities on hopes of a Covid-19 vaccine and expectations of another stimulus package in the U.S.
Investors await the effects of the India Reserve Bank’s three-day policy review, scheduled for directional indices on Thursday.
The S-P BSE Sensex benchmark rose by almost 400 points, or 1.06%, to 38,087 at the start of trading, while the wider NSE Nifty index rose 103 points, or 0.93%, to 11,198.
Reliance Industries market heavyweights rose more than 1% to increase profits from last session.
Axis Bank recovered 3% after the launch of Rs. Sale of 10 billion stock rupees.
Jubilant Life Sciences rose 1.4% after the release of a re-1ivir generic for treatment with Covid-19.
Tata Motors won 1.4 percent. The corporation stated that reports on the sale of shares in the national automotive sector are “unfounded and merit-free”.
Tata Consumer Products rose 2.3% after reporting 82% in quarterly net earnings.
Sun Pharma added 1.2% after launching a Favipiravir antiviral at an “economic” value of 35 Rs consistent with the pill for remedying patients with mild to moderate Covid-19 disease.