BSE Sensex, NSE Nifty open on a high note, Sensex, Nifty up almost 2 pct

After Monday's fall, both Sensex and Nifty today opened in green with Sensex trading at 31,282.61, up by 592.59 points or 1.93 per cent while the Nifty in the opening trade was up by over 160 points or 1.80 per cent at 9,153.90. Indian equity, money and commodity markets were closed on Tuesday on account of Dr. Bhimrao Ambedkar Jayanti. On Monday, the benchmarks Sensex and Nifty ended the day in the red with BSE Sensex closing down by    over 469 points or 1.51 per cent at 30,690.02 while the broader Market Nifty ended the day at 8,993.85 seeing a fall of 118 points or 1.30 per cent.

The top performers on Sensex were BEML, ITI Limited, Take Solutions, KPR Mill and Glenmark Pharmaceuticals while Balrampur Chini Mills, Himadri Speciality Chemical, Spicejet, Thermax Limited and KEI Industries were the top losers.

Meanwhile, top performers on Nifty in Monday trade were Grasim Industries, HCL technologies, UltraTech Cement, Kotak Mahindra Bank and HDFC. Top losers on Nifty were Asian Paints, Bharat Petroleum Corporation Linited, Indusind Bank and Bharti Airtel.

The rupee was trading at Rs 76.1700 per USD.

Wipro is slated to announce its Q4 numbers later in the day.

Among the global bourses, Asian shares paused at one-month highs on Wednesday as warnings of the worst global recession since the 1930s underlined the economic damage already done even as some countries tried to re-open for business, Reuters reported.

MSCI`s broadest index of Asia-Pacific shares outside Japan was a slight 0.1% firmer in early trade. Japan`s Nikkei eased 0.5%, though that followed a 3% jump the previous session. Likewise, E-Mini futures for the S&P 500 dipped 0.6%, following a 3% rise in New York hours, it said.

Even as some U.S. states considered relaxing restrictions, the country`s death toll rose by at least 2,228, a single-day record, according to a Reuters tally. President Donald Trump responded by saying some states could still open shortly or even immediately. He also temporarily halted funding to the World Health Organization, saying it should have done more to head off the pandemic.

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The government on Tuesday announced extension of lockdown period till 3 May on account of the rising number of coronavirus cases. India has reported 9756 active cases with 1305 people cured/discharged and 377 deaths according to the information on the Ministry of Health and Family Welfare.

Inputs from Reuters