The Sensex is up 161.36
points or 0.6 percent at 28233.29, and the Nifty is up 47.80 points or 0.6
percent at 8564.70.
About 801 shares have
advanced, 132 shares declined, and 62 shares are unchanged. Bharti Airtel, Tata
Steel, Axis Bank, Infosys and Vedanta are top gainers in the Sensex.
The Indian rupee opened
lower in the early trade. The currency slipped by 15 paise to 63.90 per dollar
versus 63.75 in Tuesday's session. NS Venkatesh of IDBI Bank said, "The
rupee gained around 29 paise yesterday and closed at 63.75/dollar on the back
of export and custodial flows. Reserve Bank of India's (RBI) action of not
cutting rates helped the rupee to strengthen versus the USD yesterday.
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