Market LIVE: Sensex gains to trade comfortably in green, Nifty hovers around 11,550; Auto stocks, RIL surge

© Provided by The Financial Express Sensex and Nifty were trading flat with a positive bias on Wednesday morning.

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Sensex and Nifty were trading in the green on Wednesday. S&P BSE Sensex opened flat and later on surged over 150 points, only to trim those gains later. The Nifty 50 hovered around the the 11,550 mark, which analysts say is crucial for renewed buying interest from investors. Mahindra & Mahindra, Bajaj Auto, and Maruti Suzuki India were the top Sensex gainers. Leading banking stocks like Axis Bank, SBI, and ICICI Bank were trading with losses. BSE Midcap and Small cap indices were up rallying to beat the benchmark again. The Nifty Smallcap 50 was down in the red.

In the month of August, India’s exports stood at $22.70 billion, down from $23.6 billion in the month of July. The trade deficit for August this year was estimated at $6.77 billion, against $4.8 billion in July 2020 and $13.86 billion in August 2019. This slip in exports comes at a time as India is stepping out of the strict nation-wide lockdown to control the spread of the coronavirus pandemic. A number of other macro indicators have, however, hinted at a recovery in the Indian economy.