Mumbai, Jan 15
The Indian stock market opened higher on Wednesday as buying was seen in the auto, IT and PSU bank sectors.
At around 9.26 am, Sensex was trading at 76,758.37 after rising 258.74 points or 0.34 per cent, while Nifty was trading at 23,225.50 after climbing 49.45 points or 0.21 per cent.
On the National Stock Exchange (NSE), 1,263 stocks were trading in green, while 289 stocks were in red.
Nifty Bank was up 154.60 points or 0.32 per cent at 48,883.75. Nifty Midcap 100 index was trading at 53,846.40 after adding 169.90 points or 0.32 per cent. Nifty Smallcap 100 index was at 17,329.05 after climbing 71.25 points or 0.41 per cent.
According to experts, market will witness lots of stock-specific action in response to the Q3 results.
Market has been rewarding performers, delivering better-than-expected results and punishing those delivering worse-than-expected results.
“With only five more days to go for Donald Trump’s inauguration as US President, soon there will be clarity on Trump’s actions and its likely impact on the markets. It appears that the dollar and US bond yields have peaked for now," said market watchers.