MARKETS LIVE: Sensex rises 400 pts lead by auto, banks; India VIX dips 7%
The benchmark indices are trading over 1 per cent higher due to a firm rupee against the dollar. The rupee is trading on a firm note having risen to 74.05 against the greenback so far in intra-day trade. The Indian currency opened 24 paise firm at 74.14 earlier in the day after ending at a record low of 74.39 per dollar on Tuesday. Among the sectoral indices, Nifty Bank index is trading nearly 2.5 per cent higher led by a rise in YES Bank, Axis Bank and IndusInd Bank. The Nifty Auto index, too, is trading over 2.5 per cent higher led by Maruti Suzuki India. However, the Nifty IT index has slipped over 1.5 per cent weighed by Infosys and Tata Consultancy Services. In the broader markets, the S&P BSE MidCap index is trading around 3.5 per cent higher while the S&P BSE SmallCap has risen 3 per cent. Stock specific action will continue as firms like Bandhan Bank and ZEE are likely to declare their second-quarter earnings later in the day today. Investors will al