Indian stock markets opened at record highs on Wednesday, with the BSE Sensex rising over 100 points to 28,885 and the broader Nifty advancing 25 points to 8,722.

The Sensex has gained over 1,500 points in the last five trading sessions as investors rejoiced a surprise rate cut by the Reserve Bank on Thursday. There's optimism that the RBI's changed stance on interest rates will spur demand and kick start the investment cycle leading to higher economic growth.

TODAY’S MARKET HIGHLIGHTS
• Indian ADRs ended higher on Tuesday.
• In the banking space, ICICI Bank rose 1.07 percent at USD 12.26.
• HDFC Bank added 3.44 percent at USD 58.96.
• In the IT space, Infosys was up 0.09 percent at USD 34.60.
• Wipro was down 1.49 percent at USD 11.94.
• In the other sectors, Tata Motors gained 1.75 percent at USD 460.
• Dr Reddy’s Laboratories shed 0.28 percent at USD 52.95.

MARKET UPDATES
The BSE Sensex opened higher on Tuesday and is on track for a fourth straight day of gains. The broader Nifty traded near the key 8,600 levels, rising 35 points.

Traders are likely to set their eyes on overhauling the previous Nifty record of 8,626.95 once the bluechip index edges past 8,600.

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