Opening bell: Stocks of Indian indices trade positively on Wednesday as investors see war relaxation in Ukraine

With the peace talk between Russia and Ukraine making progress, the markets around the globe have advanced.

With the peace talk between Russia and Ukraine making progress, the markets around the globe have advanced. US Dow Jones had soared 338 points on Tuesday with S&P 500 continuing to gain on the fourth day. BSE Oil & Gas and Power sector stocks declined the most today morning. Buying was seen both by foreign portfolio investors (FPIs) as well as domestic institutional investors (DIIs), which stood at Rs 35.47 crore and Rs 1,713.31 crore, respectively, in the Indian equity market on March 29. Brent crude is still trading at $ 111.1 per barrel. Rupee has advanced this morning by 9 paisa and is trading at 75.62 against the dollar.   

BSE Sensex continues to trade in green on the third consecutive day, zooming by 400 points at 58,344.37 levels. In line with this, BSE MidCap climbed 184 points and is trading at 24,037.03. BSE SmallCap has jumped 346 points and is trading at 28,174.00 levels. The stocks trading in the green on BSE Sensex include UltraTech Cement, Bajaj Finance, Bajaj Finserv, Bharti Airtel, Maruti Suzuki, and HDFC.   

Nifty 50 index is also running 117 points upwards and is now trading at 17,439.90 levels. Bank Nifty also shot up by 337 points and is trading at 36,184.40 levels. The gainers on Nifty 50 are Tata Consumers, Grasim Industries, Bajaj Finance, Hero MotoCorp, and UltraTech Cement.  

The market outlook seems positive as out of 2,706 stocks traded, 2,028 stocks have advanced whereas 591 stocks declined in the morning session. Around 150 stocks are locked up in the upper circuit while 125 stocks got locked in their lower circuit today. There are 84 stocks that are trading at 52-week highs and almost 29 stocks are trading at 52-week lows.