Stock Markets open higher on Wednesday with Reliance soaring over 6-percent , followed by Grasim, Nestle Cipla and Britannia which climbed 4 – 3 percent each, , however, IndusInd, ITC, M&M, HeroMotoCorp and, L&T were in the red on the Nifty.
At 10.40-am, the Sensex was at 26858, up 184 points and the Nifty at 7861, up by 60 points in trade.
The Nifty Bank and Pvt Bank indices slipped 1 percent each as selling pressure was seen in PNB, IndusIndBank, and ICICI Bank.
On Tuesday night, the Prime Minister Narendra Modi addressed India calling for for a nationwide lock down starting from midnight. The lock down duration will be 21-days. Prime Minister said that the 21-day lock down has become necessary to break the chain of the COVID-19 outbreaks, adding that social distancing is the only option to combat the virus outburst.