The stock market opened sharply in telecom and automobile companies on Wednesday . The Sensex, a sensitive index based on the shares of 30 BSE companies, jumped 260.1 points to open at 40,729.80. At the same time, the National Stock Exchange (NSE) Nifty gained 64.65 points to open at 12,004.75. In the initial trade, 15 companies were trading on the green mark while 15 companies were trading on the red mark on the BSE. At the same time, selling of shares of 24 companies on NSE was recorded while selling of 26 companies. At 9.40 am, the Sensex jumped 170.15 points (0.42%) to 40,639.85 and the Nifty was trading 41.25 points (0.35%) at 11,981.35.
Reliance shares rose 3.57 per cent on BSE, 3.17 per cent in IndusInd Bank, 1.75 per cent in Sun Pharma, 1.49 per cent in L&T and 0.73 per cent in TCS. At the same time, Reliance shares also rose the most with 3.51 per cent on NSE, 3.21 per cent in IndusInd Bank, 2.25 per cent in Sun Pharma, 1.93 per cent in L&T and 1.82 per cent in Dr. Reddy's stock.
The decline in these shares was the highest at 2.18 per cent in Yes Bank shares on BSE, 0.81 per cent in NTPC, 0.80 per cent in Bajaj Auto, 0.62 per cent in Infosys and 0.53 per cent in Kotak Bank. Whereas, Infratel's share was the highest at 3.73 per cent on NSE, 1.36 per cent in Britannia, 0.78 per cent in ITC, 0.78 per cent in Yes Bank and 0.77 per cent in NTPC's share.