Stock Market: Sensex rose 300 points, Nifty above 17,500; HDFC and Axis Bank topped in early trade
Stock Market Opening Wednesday is also going to be a good day for the stock market. The benchmark indices rose for the second day in a row. Both Nifty and Sensex are trading in green mark. Yesterday also the indices closed on the upside.
Abhilasha 
Stock Market Opening: The indices of the Indian stock market opened on a positive note on 19 October. The market witnessed sharp trading in early trade and both Sensex and Nifty strengthened. In the first session, the Sensex was up 330 points or 0.56 per cent at 59,290 and the Nifty was up 87 points or 1,7574.
Let us tell you that on Tuesday, the BSE Sensex closed at 58,960 points with a gain of 549 points or 0.94 per cent and the NSE Nifty gained 175 points or 1.01 per cent to close at 17,486 points.
Indian stock market opening
Taking the lead from the Wall Street rally, the Indian stock market opened on a positive note on Wednesday. Finance and auto sectors were in profit in early trade, while IT and media were bearish. HDFC and HDFC Bank shares jumped tremendously in early trade. In the opening session, about 1322 shares have risen, 567 shares have declined and 100 shares have remained unchanged.
Investors have not focused much on inflation and recession concerns at the moment. These days investors are focusing on earnings reports of companies. The US market saw a major rally on Tuesday and major companies posted good quarterly reports. Netflix registered a growth of 2.4 million subscribers during the July-September quarter.
Top gainers and losers
HDFC, HDFC Bank, ITC, Power Grid Corp and Cipla were trading well on Nifty today, while HCL Tech, Tata Steel, SBI, ONGC and JSW Steel were bearish.
Rupee rises 6 paise to 82.34 against US dollar
The rupee rose 6 paise to 82.34 against the US dollar in early trade on Wednesday as a firm trend in domestic equities boosted investor sentiment. However, persistent foreign capital outflows limited the rupee's gains. At the interbank foreign exchange, the rupee strengthened to 82.32 against the dollar. Later it broke down somewhat and weakened to 82.34. This is an increase of 6 paise over the previous close. In the previous session on Tuesday, the rupee had lost 10 paise to close at 82.40 against the dollar.
