Stock Market Live: Sensex up 100 pts, Nifty near 19,300; Hindalco jumps 3%

Stock Market Live: Equity benchmark indices opened higher on Wednesday as crude oil prices retreated to $88 but soon pared the gains to turn flat. The BSE Sensex rose 150 points to 64,732 at open, and the NSE Nifty50 gained 47 points to 19,328.

Tata Steel, JSW Steel, Nestle, SBI, HCL Tech and Ultratech Cement led gains on the Sensex, while Hindalco, Adani Enterprises and Adani Ports were the additional Nifty winners.

On the flip side, NTPC, Power Grid, Infosys, HDFC Life and Bharti Airtel were among the top frontline drags.

The broader markets also staged a rebound. The BSE MidCap and SmallCap indices jumped 0.7 per cent and 1.2 per cent, respectively. 

Delta Corp jumped 5 per cent after the Bombay HC directed DGGI Hyderabad to not pass final orders on Rs 16,195-crore tax notice against the company without its prior permission.

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