Market LIVE: Sensex jumps over 250 pts in pre-open on positive Asian cues; Vodafone Idea stock in focus

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© Provided by The Financial Express Barring the Nifty Realty index, all the sectoral indices were trading in the green, led by metal stocks. Image: Reuters

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty were trading in the positive territory on Wednesday, on the back of positives Asian cues. Sensex was hovering around 52,700 while Nifty 50 reclaimed 15,800. Maruti, Infosys, Titan Company, Mahindra & Mahindra (M&M), Tata Steel, Axis Bank, State Bank of India (SBI) were among top index gainers. Power Grid Corporation of India, NTPC, ICICI Bank, HUL, TCS were top index laggards. Barring the Nifty Realty index, all the sectoral indices were trading in the green, led by metal stocks.

The Reserve Bank of India is in a bind, given the present situation of inflation heating to above the mandated band and weakening growth, a British brokerage said on Tuesday. The central bank may hike the repo rate only by the first quarter of next fiscal (April-June 2022) and continue to maintain the accommodative stance in the interim, Barclays’ chief India economist Rahul Bajoria said in a note.