Sensex up 150 pts; Nifty above 19,300; Tata Steel, Hindalco rise over 2%

Domestic equity indices on Wednesday, October 25, opened on a positive note, tracking Asian peers as US Treasury yields eased and crude oil prices moderated below $90 per barrel.

Last seen, the S&P BSE Sensex was up 117.25 points or 0.18 per cent at 64,689.13, and the NSE Nifty was up 29.5 points, or 0.15 per cent, at 19.311.25.

In the broader market, the Nifty Mid Cap 100 and Small Cap 100 opened in green.

BUZZING STOCKS

Godawari Power Ispat shares were up over 3 per cent after its board considered a stock split in a board meeting on November 3.

KPI Green Energy shares were up over 2 per cent a day after the company bagged an order to execute a wind-solar hybrid power project of 4.20 MW capacity.

Kewal Kiran Clothing shares were up over 4 per cent post Q2.

Amber Enterprises shares were up over 3 per cent post-September quarter results.

Conversely, Paytm stock was up over 3 per cent a day after CEO Vijay Shekhar Sharma on Monday announced the launch of the VSS.

PNB Housing Finance shares were down over 1 per cent post-Q2 results.

Mahindra Logistics shares were up over 4 per cent after the company posted its Q2 results.

GLOBAL MARKETS

China led Asia’s stock markets higher on Wednesday as investors cheered the approval of a trillion-yuan sovereign bond issue as a harbinger of stimulus, while the Aussie dollar hit a two-week high as hotter-than-expected inflation lifted rate forecasts.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.9 per cent and the Hang Seng (.HSI) 2 per cent. Japan’s Nikkei rose 1.1 per cent.