Market Update - Nifty hits all time high, Yes bank jumps, Marico gains.

Breaking: Nifty Hits An All-time High The NSE Nifty 50 Index hit a new all-time high at 11,761.

Yes, Bank shares jumped- by more than 2% to hit the day's high at Rs 287. Tata Steel shares are trading 1.7% higher at Rs 541, to emerge among the top Sensex gainers.

Marico Gains- On Q4 Outlook Forecast Shares of the FMCG company rose as much as 3.9 per cent to Rs 360. Marico said that during the fourth quarter they have witnessed stable demand conditions and healthy offtake growth on the back of the competitive strength of the franchise, according to its exchange filing.

Yes Bank, Tata Steel, Indiabulls Housing, Vedanta, JSW Steel, IndusInd Bank, Hindalco, Bajaj Finance are some of the major gainers on the indices, while lower are Eicher Motors, Infosys, Wipro, HCL tech, Britannia and Coal India. Among the sectors, except IT all other indices are trading in green led by bank, metal, infra, pharma and energy.

Rupee Opens: The Indian rupee opened marginally higher at 68.72 per dollar on Wednesday versus previous close 68.75.

Oil prices rose for a fourth day on Wednesday, holding firm despite an industry report showing that U.S. inventories rose unexpectedly last week, with supply cuts and sanctions supporting the market.

Supreme Industries Jumps - The Most In Over A Month Shares of Supreme Industries rose as much as 6.6 per cent, the most since Feb. 14, 2019, to Rs 1,161.65. Trading volume was 3.1 times its 30-day average. The stock declined 4.5 per cent so far this year compared to a 9 per cent gain in the Sensex.

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