The Indian market starts Wednesday’s session in the green amid positive global cues, as Sensex gained around 200 points, while Nifty 17850 levels. The strength in the market is mainly seen from the information and technology stocks along with metals.

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The BSE Sensex jumped by around 200 points or 0.33 per cent to 59942 and Nifty surged by 39.2 points or 0.22 per cent to 17,861.5 on Wednesday. While in the broader markets, Mid-cap Index soared by around 150 points or 0.5 per cent to 31156.8 levels today at the market open.   

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Of 50 scrips on Nifty50, 38 advanced, 09 declined and three remained unchanged minutes after the market open today. ONGC gained most for the second straight session by near 1.5 per cent, followed by Bajaj Finance Power Grid, Coal India and Tata Consumer each up around 1 per cent at open today.

On the contrary, Divis Lab, Titan, JSW Steel, Dr Reddy’s, Sun Pharma and Kotak Mahindra Bank each slipped marginally between 0.2-0.8 per cent in otherwise strong market.

In the early morning trade, the majority of indices opened in the green except for IT and pharma both declined marginally, while auto stocks along with banking and financial stocks gain most leading the surge in positive market. Similarly, Nifty Realty and Metal aid the broader markets.

On the global front, the US markets bounce back with Dow Jones closing higher by 300 points while Nasdaq gains 1.25 per cent as it sees short covering from oversold levels. While Asian markets opened in the red led by the Japanese 'Nikkei' lower by 200 points in early trade.

Foreign Institutional Investors (FIIs) sold shares worth Rs 1915.08 crore in cash and bought Rs 1868.23 crore in index futures.