DSIJ Mindshare

After scaling day's high at about 11 am, Indian benchmark indices nosedived to red territory following reports that Pakistani airforce dropped a payload in Indian territory on Wednesday. 

Indian currency opened on flattish gains after it depreciated on Tuesday following the airstrike on terror camps in PoK. Political developments are expected to have a strong effect on currency and bond markets, in the short-term.

On daily time frame, the stock had formed bullish engulfing candle, which suggests bulls are taking control near long-term trendline.

Indian benchmark indices regain what they lost in Tuesday's trading session. The indices were upbeat since early trade on Wednesday with BSE Sensex at 36,279.72, up by 306.01 points or 0.85 per cent and Nifty50 at 10,914.50, up by 79.20 points or 0.73 per cent.

Overall volumes in futures & options currently stand at 1.88 crore contracts with a turnover of Rs. 11,90,981.27 crore.