The market continued to hold its opening gains following positive lead from global stocks after China’s comments on free trade.

The 30-share BSE Sensex rose 133.40 points to 33,921.94 and the 50-share NSE Nifty was up 35.50 points at 10,414.90, driven by banks, metals, IT and infra stocks.

The midcaps also traded in line with frontliners while the Nifty Metal was the biggest gainer among sectoral indices, rising nearly 2 percent.

Wipro fell over a percent after the company hinted at an impact on its profitability as one of its telecom clients is undergoing insolvency proceedings.

9:35 am Rupee Trade: The rupee rose 12 paise to 64.91 against the US dollar at the forex market on increased selling of the greenback by exporters and banks.

Also, a higher opening of domestic equities supported the rupee, but the dollar’s recovery against some currencies overseas, restricted the local unit’s upmove, forex dealers said.

Yesterday, the rupee had retreated from its one-month high to close 5 paise lower at 65.02 against the US currency on fresh bouts of dollar demand from importers and corporate investors amid forex outflows.

9:24 am Buzzing: Shares of Axis Bank rose more than 2 percent after MD & CEO Shikha Sharma’s term has been reduced to seven months from three years at her request.

9:18 am Wipro falls 2%: Wipro has announced to the National Stock Exchange that one of its telecom service provider clients in India filed a petition to initiate insolvency resolution process with the National Company Law Tribunal in February 2018.

source: moneycontrol.com