People walk past the BSE building in Mumbai
People walk past the BSE building in MumbaiReuters

At 9:15 am on Wednesday, Sensex opened higher at 25,565.19 by 44 points and Nifty too recorded an increase of 10.15 points opening at 7641.85.

BSE index ended on Tuesday at 25,521 points with an increase of 330.71 points at 1.31 percent change, while Nifty touched 7631.70 points, surging 98.15 points with 1.3 percent change

At 10:30 am, Sensex recorded 25584.39 points with increase of 19.2 points, while Nifty touched 7,656.05 points surging 14.2 points.

At 11 am, the BSE index decreased 20.96 points and NSE index recorded 7645.20 points with drop of 10.85 points.

Top gainers from BSE:

Name Last traded price (INR) Change Change in percent
Cipla 436.55 +23.70 +5.74
Berger Paints 279.60 +11.25 +4.42
Suzlon Energy 98 +3.60 +3.81
HDIL 30.60 +1.10 +3.73
Bajaj Finance 2033.55 +66.75 +3.39

Top losers from BSE:

Name Last traded price (INR) Change Change in percent
Bharti Airtel 247.70 -4.65 -1.84
Prestige Estate 235.10 -3.45 -1.45
ABB India Ltd. 1023 -12.55 -1.21
Shriram Trans 530 -6 -1.12
TCS 2253.10 -25.05 -1.10

While top gainers from National Stock Exchange Market were Cipla, Kotak Bank, Hindalco, SSLT and GAIL, top losers were TCS, Wipro, Sunpharma, TECHM and HDFC Bank.

Foreign investors brought Indian shares worth ₹480.2 million on Tuesday, according to Reuters.

Reliance Industries Ltd. will hold its annual shareholders' meeting and Chairman Mukesh Ambani will address investors about the company's performance.
He will also discuss strategies for the growth.

India's Ratnakar Bank Ltd. has planned to launch IPO of shares worth up to $250 million in the first quarter of 2015 and BJP-led government could sell a five percent stake in state-run Steel Authority of India Ltd. However, the final decision is expected by next week.

Moreover, Tata steel gained one percent after the company sought shareholders' approval to increase its borrowing limit to ₹700 billion from ₹500 billion. At 11:15, the Tata steel share price recorded ₹534.70 that surged by ₹.2.60 with 0.55 percent change. It

"The debt-raising plan, at this juncture, may also bewell-received since the company's operational performance has started improving, especially in Europe," told G. Chokkalingam, founder of Equinomics, a research and fund advisory firm to Reuters.

On Tuesday, RBI governor Raghuram Rajan said that Indian government is ready to deal with external impacts of Iraq crises. "As far as the external front goes, we are in a much better position than we were last year," Reuters quoted Rajan.

"We have sufficient reserves; the current account deficit is low. So I think one shouldn't worry too much about the external side at this point," he added.

However, on Tuesday Brent Crude Oil recorded $113.45 per dollar with increase of 0.45 percent and BSE' Oil and gas stock price recorded ₹11,785.50 with surge of ₹95.23 on Wednesday trading at 11:10 am.