MUHURAT TRADING LIVE: Sensex up to 250 pts, Nifty is testing 10,600 marks; M & M up 2%



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Benchmarks exchange close to 1% in the Muhurat trade, mainly because of rising auto stocks and information technology stocks.

Among the individual stocks, Mahindra and Mahindra (M & M) are trading around 2 cent, while Tata Motors has risen by almost 1.5%. Up to now, Infosys has gained more than 1% of intra-day trade.



The front-end benchmarks closed the final day of trading at Samvat 2074 on a flat note on Tuesday between sales operations in banks and consumer markets. The Senbad SSE S & PSE dropped below the 35,000 mark to 34,992 points, up 41 points, while the NSE Nifty50 index gained just 6 points to close at 10,530. For Samvat 2074, the Senbad BSE S & P posted a gain of more than 7 percent.

The rupee rebounded from 12 paises to settle at 73 per dollar on Tuesday, as a result of an increase in the sale of the greenback by exporters and lower crude oil prices . 19659004] WORLD MARKETS

Wall Street equity futures and Asian stocks had already won on Wednesday, after the Democrats took control of the House of Representatives, strengthening the party's ability to block the political agenda and economic of President Donald Trump.

The victory of the House creates a clear obstacle for Republicans to easily pbad legislation by both houses of Congress, obscuring the prospects for some of Trump's key economic proposals.

Both results were broadly in line with market expectations, but the markets did not sell. the prospect of a political stalemate creates uncertainty for investors. The dollar has weakened compared to most of its major counterparts.

On the equity markets, futures on the US S & P500 index rose 0.3%, the broadest index of MSCI Asia Pacific shares out of the Japan gained 0.3% and Japan's Nikkei 1.2%.

OIL PRICES

Oil prices fell after a 2% drop the day before, as US crude futures reached their lowest level in eight months as Washington granted penalty waivers to the main buyers of Iranian oil and that Iran had declared.

West Texas Intermediate (WTI) futures trade 0.5% to $ 61.91 per barrel after bottoming out to $ 61.31 on Tuesday, its lowest since March 16th .

(with Reuters entries)

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