Reuters Market Eye - The Sensex and Nifty hit their highest intraday levels since August 23 and head to a sixth day of gains: Sensex up 0.5 percent while the Nifty is up 0.5 percent.
SpiceJet gains 5.3 percent while Jet Airways rises 2.8 percent after the Times of India newspaper reported the government is preparing measures to potentially allow foreign investment in the sector.
ICICI Bank gains 1.3 percent, while State Bank of India advances 0.8 percent on expectations the government is also gearing up to announce fiscal reforms, providing room for RBI to cut rates.
Sentiment also boosted by higher Asian shares on optimism that a German court will approve the legality of the euro zone's bailout fund later on Wednesday.
Investors eyeing India's industrial output data for July, due around 11 a.m.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app