In Asia, the markets of Tokyo, Hong Kong, Shanghai and Seoul were trading in the green.
In Asia, the markets of Tokyo, Hong Kong, Shanghai and Seoul were trading in the green.
Tracking recovery in global markets, equity benchmark indices rebounded on Wednesday, with the Sensex jumping over 190 points in early trade.
The 30-share BSE Sensex was trading 190.34 points higher at 54,555.19. The NSE Nifty jumped 65.55 points to 16,305.60 in opening deals.
Bharti Airtel, Tech Mahindra, Power Grid, Tata Steel, HDFC and Mahindra & Mahindra were among the top gainers in the Sensex pack.
In contrast, Asian Paints, Hindustan Unilever, Larsen & Toubro and IndusInd Bank were among the laggards.
Elsewhere in Asia, markets in Tokyo, Hong Kong, Shanghai and Seoul were trading in the green.
Stock exchanges in the US mostly ended higher on Tuesday.
Major US stock benchmarks ended mixed on Tuesday with the Dow Jones Industrial Average falling for the fourth consecutive day on the eve of high inflation readings, said retail chief Deepak Jasani. The S&P 500 and Nasdaq ended higher on Tuesday. ” Research, HDFC Securities.
Meanwhile, international oil benchmark Brent crude rose 1.64 per cent to 104.14 per barrel.
Foreign institutional investors continued selling shares worth ₹3,960.59 crore on Tuesday, according to stock exchange data.
The BSE benchmark closed at 54,364.85, down 105.82 points or 0.19 per cent on Tuesday. The Nifty closed at 16,240.05, down 61.80 points or 0.38 per cent.
Mohit Nigam, PMS Head, Hem Securities said, “The market direction is very uncertain and difficult to predict.
“Indian markets are extremely volatile as a result of FII selling, rate hikes by the US Fed and RBI, rising inflation, and continued geopolitical tensions between Russia and Ukraine. Positive geopolitical developments, as well as more significant macroeconomic data than expected , could help turn the tide and entice investors to return to the equity market.”