The 30-share BSE Sensex rose 382.43 points to 59,343.03 in early trade. Similarly, the broader NSE Nifty rose 98.45 points to 17,585.40.
The 30-share BSE Sensex rose 382.43 points to 59,343.03 in early trade. Similarly, the broader NSE Nifty rose 98.45 points to 17,585.40.
Equity benchmark indices made a strong start on Wednesday, a fourth day’s rally, helped by buying in HDFC twins and a largely strong trend in global markets.
The 30-share BSE Sensex rose 382.43 points to 59,343.03 in early trade. Similarly, the broader NSE Nifty rose 98.45 points to 17,585.40.
From the Sensex pack, HDFC, HDFC Bank, Power Grid, Larsen & Toubro, Titan, Axis Bank, Mahindra & Mahindra, NTPC and UltraTech Cement were the top gainers in opening trade.
HCL Technologies, State Bank of India, Infosys, Sun Pharma, Bajaj Finserv were among the laggards.
In other Asian markets, Seoul and Tokyo traded in the green, while Shanghai and Hong Kong declined.
Wall Street ended higher on Tuesday.
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said there are two factors supporting the ongoing rally in the market – support from Mother Market US based on some excellent quarterly results and FII selling from DII (Domestic Institutional Investors) buying. Totally impressed. ,
Mr Vijayakumar said, “Good Q2 results are providing resilience in sectors like IT and financials. The festive mood is another positive.”
On Tuesday, the BSE benchmark jumped 549.62 points or 0.94% to end at 58,960.60. Nifty closed 175.15 points or 1.01% higher at 17,486.95.
International oil benchmark Brent crude was trading 0.59% higher at $90.56 per barrel.
Foreign institutional investors (FIIs) remained net sellers in the capital markets on Tuesday as they sold shares worth ₹153.40 crore, according to exchange data.