Domestic market found its winning ways after three straight sessions of losses, with the BSE Sensex rebounding over 141 points on sustained buying.
Sensex recovered by over 141 pts on value-buying by domestic investors in IT, banking, FMCG and oil and gas stocks amid firming trend on Asian bourses.
Key Indian equity indices traded in green during the mid-afternoon session riding on broadly positive Asian markets and a surge in IT stocks.
Rupee was trading down by 4 paise at 64.83 against the US currency in afternoon trade on bouts of dollar demand from importers and banks.
The benchmark BSE Sensex rose by 112 points in late morning trade, lifted by buying IT, Teck and FMCG counters amid mixed Asian cues.
Rupee weakened by 8 paise to trade at fresh 3-month low of 64.87 against the US dollar in opening trade ahead of RBI's minutes for the latest policy meeting due later.
The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.
Sensex slipping over 71 points to mark its third straight-session loss as private banks put a dampener on the momentum created by IT counters.
Private sector lenders Axis Bank, Kotak Bank, Yes Bank, ICICI Bank, HDFC Bank fell as much as 1.44 per cent.
Key Indian equity indices traded on a higher note during the mid-afternoon session -amid volatility -with healthy buying in metals, consumer durables, IT, banking stocks
Joint venture partner is exploring stake in Max Healthcare
Life Healthcare Group Holdings Ltd Has Initiated Preliminary Discussions With Max India, Company‘s Joint Venture Partner In Max Healthcare Institute
Talks Explore Possibility Of Max India Acquiring Life Healthcare‘S Equity Interest In Max Healthcare Institute Limited
Board approves amalgamation of Co with IDFC Bank Ltd
National Housing Bank has intimated that it has no objection for the amalgamation
Board approves purchase of entire shareholding held by Usha International
To pay a consideration of Rs 24.83cr which will be paid over 12 months
EROS INTERNATIONAL , RIL
In Pact with Eros India to Set-Up $150 Mn Fund to consolidate content
RIL, Through Unit, agreed to subscribe to 5% stake in NYSE Listed Eros
RIL, Co agreed to partner in india to jointly produce, consolidate content
Jyoti Deshpande to head RIL's Media & Entertainment Business