Equity benchmark indices were trading higher on Wednesday, after the Income Tax dept have given concern on tax relief to Foreign Portfolio investors. At 10:15 am, the BSE Sensex was trading at 27,392, up 156 points, while the broader Nifty50 was ruling at 8,449, up 52 points. Overall market breath showed a positive bias. BSE Midcap and BSE small cap were trading higher by 0.68% and 0.75% each.
Meantime, on Tuesday, FPIs turned net buyers for the first time since December third week and bought equities worth Rs 142 crore, and the other side, domestic investors sold equities worth Rs 607 crore.
Asian stock markets kept near 3-month highs since investors scooped up exporter shares after US Donald Trump expressed concerns over a stronger dollar.
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