FIRST TRADE: Sensex up over 340 pts; Nifty above 19,750; all sectoral indices trade in green

Stock market today: Domestic equity indices opened in positive territory on Wednesday, October 11, amid easing US interest rate worries following dovish comments by key Federal Reserve officials and stability in oil prices. All counters on the sectoral front traded in green.

Last seen, both indices were up 0.40 per cent: S&P BSE Sensex was up 263.38 points at 66,342.74, and NSE Nifty was up 79 points at 19,768.85.

In the broader market, Nifty Mid Cap 100 and Small Cap 100 opened on a positive note.

The Nifty Bank was up 0.62 per cent at 44,634.65.

BUZZING STOCKS 

Laxmi Organic Industries stock edged higher over 7 per cent after the company fixed its issue price for Qualified Institutional Placement (QIP). 

Sunteck Realty hit 52-week high after Jefferies raised the target price. 

KPIT Technologies shares were up over 5 per cent after Goldman Sachs raised the target price on the stock.

Tata Chemicals shares were up over 4 per cent after soda ash prices to increase by 5 per cent in India next week.

IDFC First Bank shares were up 2 per cent after CRISIL assigned its rating ‘CRISIL AA+/Stable’ to the Tier-II bonds (under Basel III) amounting to Rs 3,000 crore.

NCL Industries shares were up over 2 per cent after the company released its monthly business update for Q2.

Nippon Life shares edged higher by nearly 2 per cent after HSBC  raised the target.

MCX shares were up over 1 per cent after reports suggested that the company will shift to a new trading platform from October 16.

Delta Corp traded over 1 per cent higher ahead of the Q2 result.

Conversely, Bank of Baroda shares were down nearly 2 per cent after RBI banned adding new customers to the 'BOB World' mobile app. 

GLOBAL MARKETS 

Asia's stock markets rose on Wednesday and the dollar beat a retreat as a dovish shift in tone from Federal Reserve officials had traders paring U.S. interest rate expectations, though with a wary eye on U.S. inflation data due on Thursday.

(With agency inputs)

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