Indian equity benchmarks opened higher on Wednesday amid positive global cues and sustained domestic investor participation, with broad-based buying seen across sectors at the opening bell.
The BSE Sensex opened 406.57 points, or 0.53%, higher at 77,424.36, while the Nifty 50 rose 138.20 points, or 0.58%, to open at 24,171.00.
Market breadth remained positive in early trade. Out of the 30 Sensex constituents, 27 stocks opened in positive territory, while three stocks declined. On the Nifty 50, 48 stocks advanced and two opened lower.
Shares of InterGlobe Aviation, which operates IndiGo, emerged as the top gainer among Sensex constituents, rising about 2.35% in opening trade.
Other major gainers included Bajaj Finance, up 1.88%; Bajaj Finserv, 1.45%; Mahindra & Mahindra, 1.44%; State Bank of India, 1.39%; ICICI Bank, 1.36%; Tata Steel, 1.28%; Axis Bank, 1.26%; Tech Mahindra, 1.14%; Adani Ports, 1.05%; and Maruti Suzuki, 1.04%.
Buying interest was also seen in information technology and banking stocks including Infosys, TCS and HDFC Bank.
Among declining stocks, Larsen & Toubro registered the sharpest fall, declining 3.11% in early trade. Hindustan Unilever slipped 0.06%, while Power Grid Corporation of India declined 0.02%.
