Markets open on positive note, Nifty reclaims 10,350 level

Equity benchmarks on Wednesday opened in green tracking positive cues from Asian markets. The 30-share BSE Sensex was up 95.75 points at 33,574.10 and the 50-share NSE Nifty gained 29.80 points at 10,356.70.

Among the gainers in early trade were Yes Bank, NTPC, Ambuja Cements, Zee Entertainment, Reliance Industries, Tata Motors and Bosch.

As the buzz that Cabinet might consider package for leather sector today grown stronger, stocks of Bata, Liberty Shoes, Relaxo Footwears, Superhouse and Mirza International gained 1-5 per cent.

Meanwhile, the rupee climbed 14 paise to 64.75 against the US currency today, spurred by positive equities.

Banks and exporters chose to kept an arm's length from the dollar.

Stock markets continued to show strength that bolstered rupee sentiment, currency traders said. However, the dollar's clout overseas weighed heavy on the domestic unit.

Yesterday, the rupee had gained 22 paise to end at a two-week high of 64.89 against the dollar, cashing in on positive sentiment after Moody's upgrade of India's credit rating.

Bombay Stock Exchange - BSE

National Stock Exchange of India Ltd (NSE)