Market trades positive, Sensex gains over 100 points, Infosys falls 1%

The Indian market opened in the green on Wednesday as crude prices softened, providing further relief on macro front. The Sensex jumped nearly 83 points, or 0.23 percent, to 36,429, while the Nifty50 gained 29 points, or 0.27 percent, to 10,937 in initial trade.

At 10:15 am, the Sensex traded at 36,474, higher by 127 points, or 0.35 percent, while the Nifty was trading at 10,956, up by 47 points, or 0.44 percent.

The Nifty MidCap also surged more than half a percent, while the banking index, Nifty Bank spiked 0.42 percent.

Among sectoral indexes, 40 sectors advanced led by Nifty PSU Banks, BSE Oil & Gas, BSE FMCG, BSE Realty and BSE Telecom, surging by up to 1.17 percent. BSE IT, BSE Teck and Nifty IT were the only three declining sectors.

HPCL, Indiabulls Housing Finance, Asian Paints, BPCL and IOC surged by up to 2.57 percent. Infosys, HCL Technologies, Tech Mahindra, Tata Consultancy Services, Vedanta, dipped by up to nearly a percent.

The rupee opened stronger at 70.10 against the US dollar on Wednesday, up 34 paise from Tuesday's close of 70.44.

In Asian markets, Japan's Nikkei turned negative, trading lower by 0.67 percent. Hong Kong's Hang Seng was largely flat at 9.45 am.

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