Market benchmark indices bounced back in early trade on April 20 after losses in the last three days amid buying in hit banking and IT counters recently.
Market benchmark indices bounced back in early trade on April 20 after losses in the last three days amid buying in hit banking and IT counters recently.
In early trade, the 30-share BSE Sensex climbed 210.49 points to reach 59,778.29 points. The broader NSE Nifty rose 56.35 points to 17,675.80.
Among Sensex firms, Titan, Larsen & Toubro, Power Grid, Tata Motors, Asian Paints, ITC, IndusInd Bank, Tata Consultancy Services, ICICI Bank, Wipro and NTPC were the biggest winners.
Nestle and Reliance Industries were the only laggards.
In Asian markets, Japan and Hong Kong were trading in the positive zone, while Seoul and Shanghai declined.
On April 19, the US markets mostly closed with a fall.
Prashant Tapase, Senior VP (Research), Mehta Equities Ltd. said, “Intra-day, local benchmarks may see sideways movement as higher rate hikes in major European economies and US may impact sentiment and trigger a correction phase.” Are.”
On April 19, the BSE Sensex closed down 159.21 points or 0.27% at 59,567.80, falling for the third day. The Nifty closed 41.40 points, or 0.23%, down at 17,618.75.
Meanwhile, global oil benchmark Brent crude fell 1% to $82.29 a barrel.
Foreign portfolio investors (FPIs) offloaded equities worth Rs 13.17 crore on April 19, according to exchange data.