the benchmark BSE sensex rising over 250 points

Market to react domestic data :

NEW DELHI: Equity indices started on a positive note on Wednesday with the benchmark BSE sensex rising over 250 points, led by gains in bank and auto stocks.The 30-share BSE sensex was trading 260 points or 0.53 per cent up at an all-time high of 49,778 at 9.40 am. While, the broader NSE scaled a fresh peak of 14,648.Bharti Airtel, ONGC, NTPC, M&M, SBI and ICICI Bank were the top gainers in the sensex pack rising as much as 5.39 per cent.

Oil prices gained more than 1% on Wednesday

While Titan, TCS, HCL Tech, Kotak Bank and Dr Reddy were the top losers falling up to 1.15 per cent.Shares of Bharti Airtel rose 5% and was the biggest boost to the Nifty 50 index after the company said on Tuesday it was initiating process to revise foreign investment limit up to 100%.

A fall in vegetable prices helped retail inflation to ease in December to within the central bank’s 2 per cent to 6 per cent target range, although it is unlikely to cut the policy repo rate soon, economists said.

the benchmark In the previous session, the 30-share index surged to finished at its new closing record of 49,517.11. While, the broader NSE Nifty advanced 78.70 points or 0.54 per cent to a fresh closing peak of 14,563.45. It scaled a record level of 14,590.65 during the session.

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