Domestic stock markets opened on a strong note on Wednesday, driven by positive sentiment following the conclusion of a Free Trade Agreement (FTA) between India and the European Union (EU). The recovery in the rupee further supported market confidence.
At around 9:41 a.m., the Sensex was trading 431 points higher at 82,217, while the Nifty gained 136 points to trade at 25,311. At one point, the Sensex surged by as much as 700 points. The rupee was quoted at 91.57 against the US dollar. On the Nifty index, shares of ONGC, Axis Bank, Hindalco, Reliance and Coal India were trading in the green, while Asian Paints, Tata Consumer Products, Eicher Motors, Bajaj Auto and Max Healthcare were trading in the red.
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