Sensex: Sensex rose over 100 points in early trade; Nifty tops 17,850 – Times of India

Mumbai: Equity Benchmark Sensex On Wednesday, there was a jump of more than 100 points in the opening trade, an eye on the rise in HDFC, State Bank Of India and Bajaj Finance amid a positive trend in US stocks.
The 30-share Sensex was trading 131.76 points or 0.22 per cent higher at 59,876.64. Similarly, nifty It rose 46.75 points, or 0.26 per cent, to 17,869.05.
SBI, NTPC, Bajaj Finance, HDFC, M&M gain over 1 per cent in Sensex pack UltraTech Cement and PowerGrid.
On the other hand, Titan, IndusInd Bank, Dr Reddy’s, Maruti and Reliance were in the back.
In the previous session, the 30-share index was up 445.56 points or 0.75 per cent at 59,744.88 and the Nifty was up 131.05 points or 0.74 per cent at 17,822.30.
Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,915.08 crore on Tuesday, according to exchange data.
Binod Modi Head-Strategy at Reliance Securities said India’s sovereign rating upgrade by Moody’s Investors Services could well happen in the backdrop of a steady improvement in key economic indicators and rapid improvement in immunization and make India more resilient than global equities. can help you stay afloat.
US equities saw a sharp recovery in the overnight session as buying outlook by investors, especially in technology stocks, helped the market.
Elsewhere in Asia, shares in Hong Kong, Seoul and Tokyo were trading with losses in mid-session deals. Shanghai was closed for the holidays.
Meanwhile, international oil benchmark Brent crude slipped 0.25 per cent to $82.50 a barrel.

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