Key benchmark indices extended gains after markets opened even with Sensex picking on with a little up move. BSE Sensex gained 74.89 points to open at 34,085.50 while NSE Nifty started a little move by 6.10% at 10,537.60.
Shares of Reliance communication (RCom) kept gains after an enormous surge in the stock prices on Tuesday, when Anil Ambani announced the total debt of the company would be reduced by Rs 39,000 cr.
Shares of RIL, Yes Bank, Sun Pharma contributed the most to the Sensex gains. Sectorally, Nifty pharma and Nifty Realty leading the charge while Nifty banking sector shed up to 0.24%.
Shares of Yes Bank, Sun Pharma, ONGC, HUL, Dr Reddy’s, RIL, Tata Steel, Maruti Suzuki, and NTPC come out as the top gainers on Sensex while Wipro, ICICI Bank, Coal India and Asian Paints were losers.
Oil Company shares such as Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Indian Oil Corporation fell nearly 1 percent each in early trade owing to a surge in crude prices globally, on Tuesday.