Share Market Update: Sensex, Nifty hit fresh intraday high; Yes Bank tanks 7%, TCS up

The 30-script Sensitive Index (Sensex) opened on a positive note on Wednesday during the late-morning trade deals, rising over 200 points on positive global cues.

Among shares, Yes Bank slipped around 7 per cent to emerge as the top loser on both the BSE and the NSE stocks. (Image: PTI)

Share Market Update: The 30-script Sensitive Index (Sensex) opened on a positive note on Wednesday during the late-morning trade deals, rising over 200 points on positive global cues. The gain was led by strong buying in the blue-chip stocks of companies including TCS, Infosys, Reliance Industries, HDFC Bank and others. As per market experts, BSE Sensex opened for a third successive positive session as investors await comments from the US Fed and hope for a trade deal between the US and China. The 30-share Sensex was trading 177.17 points, or 0.50 per cent, higher at 35,690.31. Witnessing a similar graph, the NSE Nifty 50 traded at 35.20 points or 0.35 per cent, higher at 10,725.60. According to analysts, the fall in crude oil prices has catapulted bullish sentiments on the street. “International markets will focus on the G20 meeting in Buenos Aires next week for cues on the ongoing US-China trade spat,” news agency PTI quoted them as saying. Top gainers include IndusInd Bank, Infosys, ITC, Kotak Bank, HDFC Bank, Hero MotoCorp, Bharti Airtel, SBI, Asian Paints, TCS, M&M and Bajaj Auto, rising up to 1.93 per cent. Among shares, Yes Bank slipped around 7 per cent to emerge as the top loser on both the BSE and the NSE stocks. Stocks of air carrier Jet Airways moved up by 9 per cent as reports of Naresh Goyal agreeing to sell a controlling stake in the beleaguered airline started making rounds. Even the shares of oil marketing companies (OMCs) tanked after international crude oil prices edged higher ahead of an OPEC meeting next week. Other losers include ONGC, NTPC, Coal India, Tata Motors, Adani Ports, Wipro, Vedanta and Axis Bank, falling up to 1.33 per cent. The market sentiment experienced a shake after Indian currency depreciated by 10 paise against the US dollar to 70.89 in early trade at the interbank foreign exchange. The Foreign portfolio investors (FPIs), on net basis, bought shares worth Rs 811.52 crore and domestic institutional investors (DIIs) were net buyers to the tune of Rs 31.21 crore, provisional data available with BSE suggested.