Market extended gains
and hit fresh intraday high in morning trade as firmness in Asian stocks
boosted sentiment. The Sensex hit highest level in almost two weeks. The
50-unit CNX Nifty scaled two-week high. The Sensex was up 118.14 points off
close to 25 points from the day's high and up about 50 points from the day's
low. The market breadth, indicating the overall health of the market, was
strong. Except BSE Metal index, all the other sectoral indices on BSE were in
the green.
Tata Motors extended Tuesday's gains triggered by the
company reporting strong Q3 earnings. Index heavyweight Reliance Industries
(RIL) rose after the company issued a media statement after the direction of
the Delhi Government to order the registration of an FIR in relation to the
decision of Union Cabinet to revise the price of gas.
The market edged higher in early trade. It extended gains and
hit fresh intraday high in morning trade.
Asian shares rallied for a fourth straight session on
Wednesday, as upbeat trade data from China and an optimistic economic outlook
from Federal Reserve Chair Janet Yellen whetted investors' appetite for risk.
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