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The S&P BSE Sensex surged as much as 132 points but soon pared gains in trade on Wednesday. The upside was capped by selling in index heavyweights like ONGC, ITC and NTPC. The 50-share Nifty index reclaimed its crucial psychological level of 8350, supported by gains in IT, auto, consumer durable, metal and power stocks. 

India antitrust watchdog imposes $66 mln penalty on Hyundai Motor.India capital market regulator orders cancellation of Sahara Mutual Fund registration in six months. 

               

The market has started the day on a high note. The Sensex is up 66.46 points at 27525.69, and the Nifty is up 20.30 points at 8357.30. About 690 shares have advanced, 190 shares declined, and 67 shares are unchanged.Yes Bank to post net interest income of Rs 1,030 crore compared to Rs 745 crore during the same quarter last year. 

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