Free Stock Trading Tips Updates; Today Indian Share Market Up Over 1 %

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Today in Indian Share Market the Sensex surged over 400 points in trade on Wednesday in step with the upswing in Asian markets, which were trading higher on expectations that China would announce more stimulus measures to support the economy after weak trade data. The 50-share Nifty index reclaimed its crucial psychological level of 7,800. CNX Bank Nifty surged over 200 points in trade.
The Share market remained strong in morning trade, supported by technology, banking & financials and auto stocks. The 30-share BSE Sensex rose 320.90 points or 1.27 percent to 25638.77 and the 50-share NSE Nifty climbed 101.80 points or 1.32 percent to 7790.05. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising more than 1.5 percent. About five shares advanced for every 1 share declining on the Bombay Stock Exchange.
The Indian share market sentiment also got a boost from an overnight rally in US markets. Stocks rose more than 2 per cent, bouncing after steep losses last week and a China-fueled rebound in global equities. Crude oil prices rose today as Asian stock markets caught a tailwind from a strong performance in the United States and Europe, although fuel markets remained generally dogged by oversupply.

Get Live Indian Share Market Tips for Today; Indian Rupee High

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The Indian Share Market is still holding up its early gains as the Sensex is up 138.90 points or 0.5 percent at 28084.70. The Nifty trades comfortably above the 8,450 level as banking and financial stocks lead. The Nifty is up 37.05 points or 0.4 percent at 8481.95. About 1452 shares have advanced, 757 shares declined, and 148 shares are unchanged.
About 1294 shares have advanced against 487 shares declined on the Bombay Stock Exchange. Drug maker Lupin rallied more than 2 percent after the company acquired Russian Pharma Company Biocom. Sun Pharma, Dr Reddy's Labs and Cipla gained 1-1.6 percent. HDFC twins, Lupin, BHEL and Cipla are top gainers in the Sensex while Hindalco, Tata Motors, Coal India, Wipro and Maruti are among losers.
Shares of HDFC, HDFC Bank, L&T, BHEL, Bajaj Auto, Hero Motocorp and NTPC advanced 1-2 percent while Tata Motors, Wipro and Coal India declined. The Indian rupee also gained further in morning trade, up 16 paise to 63.35 a dollar following rally in equity markets. Rupee hits a 2-month high against the dollar following the positive sentiment in equities. Experts say 63.25 would be a support for the dollar.