Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a strong positive note on Wednesday, amid positive global cues as crude oil prices dropped below USD 95 after the US and Iran agreed to a two-week ceasefire. The action in the market also comes ahead of the RBI's Monetary Policy Committee (MPC) outcome. While the 30-share BSE Sensex surged 2,674.05 points or 3.58 per cent to start the session at 77,290.63, the Nifty added 731.5 points to open at 23,855.15. In the last trading session, the Sensex closed at 74,616.58 and the Nifty 50 at 23,123.65. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index gained 515.33 points, the BSE Smallcap Select Index was up by 239.73 points or 3.33 per cent, to trade at 7,447.46.
From the Sensex pack, all 30 stocks were trading in the green with Indigo, Asian Paints, Larsen & Toubro, Adani Ports and UltraTech Cement among the top gainers, with Indigo leading the pack by gaining 8.70 per cent in the early trade.
In early trade, market breadth was positive, with 2,448 stocks advancing against only 50 stocks declining on the NSE. 31 stocks remained unchanged.
