Sensex rises over 200 points, Nifty above 11100

Indian stock market indices opened with solid gains on Wednesday ahead of Fed meet outcome.

Shrugging off weak global cues, fresh buying was witnessed across the board as all the sectoral indices were trading in the green.

The Sensex was up 222.59 points or 0.61% at 36874.65, while the Nifty was higher by 67.50 points or 0.61% at 11135.00.

The market breadth is positive as 432 shares advanced, against a decline of 98 shares, while 27 shares were unchanged.

At 9.11am, the rupee was trading at 72.73 to a dollar, down 0.03% from its Tuesday’s close of 72.70. The home currency opened at 72.72 per dollar

Asian shares barely budged on Wednesday, lacking traction as US bond yields edged near a seven-year peak ahead of a widely expected rate hike by the Federal Reserve. MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat in early trade. In Japan, the Nikkei edged down 0.4 per cent.