Indian stock indices extended their gains from the previous session and traded sharply during early trade on Wednesday. This is the fourth consecutive session of gains in domestic indices. The latest fall in crude oil prices and signs of moderation in domestic inflation supported the domestic indices to some extent. The Sensex was up 660.59 points or 1.21 per cent at 55,428.21 at 9.30 am, while the Nifty was up 194.80 points or 1.19 per cent at 16,535.35. National Stock Exchange data shows that 47 out of 50 Nifty stocks were trading in green this morning, remaining 3 were trading in red. However, the continuous fall in the value of the rupee is causing trouble for the investors. On Tuesday, it touched another all-time low to touch the 80 mark against the US Dollar. Anand said, “The narrow band of 79.85-80.15, mentioned for yesterday, remained firm, setting up the environment for a breakout soon. We will continue our surveillance along this range, before playing a directional move, 79.95 as a significant The pivot will remain.” James — Chief Market Strategist at Geojit Financial Services.