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Asian Paints advanced 2.64 per cent to Rs 2,839.30. Bajaj Finance gained 1.70 per cent to Rs 5,775.30. Bajaj Finserv, IndusInd Bank, Axis Bank and Kotak Mahindra Bank gained over 1 per cent each. Maruti Suzuki, SBI, Larsen & Toubro, HDFC Bank and ICICI Bank rose up to 1 per cent.

“In 2025, I am very sure we will have a wealthier India. That is the genesis and we are heading into a decent scenario. All we need is a little bit of luck. If oil were to correct to $75-80, even the near term headwinds which India has in terms of trade balance, current account balance, currency and government finances will be all behind us."

"Growing fears of recession is no longer limited to the US alone, as the Germany, Italy and Bank of England also indicated a grim economic outlook," he added. "Traders will closely track the updates from FOMC and the US PMI for June."

“Services is one sector which should look up and which has helped us well throughout the pandemic. In fact, it has done very well. Also, a very large section of our population depends on agriculture. Agriculture has come to the rescue of the Indian economy again and again. .At the moment, monsoons are playing a little iffy.”

“For oil, the historical evidence suggests that oil demand goes negative only in the worst global recessions. But oil prices fall in all recessions to roughly the marginal cost,” Citi analysts said in a note.

The dollar stood tall on Wednesday, holding at a 20-year peak against the euro and multi-month highs against other major peers.

A total of 9,008 shares changed hands on the counter till 10:41AM (IST).

According to Sriram Iyer, Senior Research Analyst at Reliance Securities, the rupee opened higher this Wednesday tracking an overnight fall in crude oil prices.

The scrip has climbed 30 per cent year-to-date (YTD) and 64 per cent in the last one year. This is against a 7 per cent rise in the BSE auto index YTD and 15 per cent in the last one year.

Balrampur Chini Mills Ltd., incorporated in the year 1975, is a Mid Cap company (having a market cap of Rs 7194.45 Crore) operating in Sugar sector.