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Share market updates: Sensex up 130 pts, Nifty Hits 10,950; Asian Paints zooms 3%;

Share market LIVE updates: The headline indices– Sensex and Nifty– opened higher on Wednesday, tracking mixed global cues. Sensex is trading about 146 points higher at 36,493.46, while the Nifty 50 has breached the 10,950-mark. Asian Paints share price zoomed 3% to a near 4-month high of Rs 1,399. Infosys share price plunged by more than 2% to Rs 663. Private sector lender Yes Bank shares gained by more than 1.5% to Rs 181.75 after the firm reportedly recommended the name of its board member Brahm Dutt for the post of Chairman to the RBI.



Shares of Anil Ambani-led Reliance Communications plunged by more than 12% to an intra-day low of Rs 13.77 after media reports indicated that the DoT rejected spectrum deal with Reliance Jio.arlier, the SGX Nifty was trading at levels near 11,000, 41 points higher, indicating a gap-up opening for Sensex and Nifty. 
Insurance software services provider Majesco said Bajaj Allianz General Insurance Company has selected Majesco Distribution Management for the incentive and reward management for their employees.

BSE Live: Asian Paints share price gains 3% to over 3 and half months high, technical analysts see more upsideAsian Paints shares rallied in trade on Wednesday morning.  Asian Paints share price gained by more than 3% to hit the day's high at Rs 1,397. Notably, this rise represents the stock's highest mark since Sept 3.

According to technical chartists, the stock has broken above resistance at Rs 1,362.74 rupees, the 38.2% Fibonacci projection level of the uptrend from Dec. 22, 2016 low to July 25, 2018 high. This breakout suggests that in the near term, a stock may rise up to the next resistance at 1,438.55 rupees, the 50 pct projection level.

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