Asian paints – Equity benchmark Sensex advanced over around 200 points in the early trade on Wednesday tracking gains in index-heavy weights Reliance Industries and also ITC amid sustained the foreign fund inflows as well.
After touching a high of around 35,679.74, the 30-share index was trading at around 220.35 points, or 0.62%, up to at 35,650.78. Then similarly, as of NSE Nifty rose 56.45 points, or 0.54%, to 10,527.45. Paint makers Asian Paints and Berger Paints advanced around 1.83 per cent and also 2.32 per cent, respectively ahead of their March quarter earnings announcements also.
Asian Paints was the top gainer in the Sensex pack, rallying around 4%, which followed by the ITC, Bajaj Auto, Bajaj Finance, NTPC, and also titan as well. On the other hand, HCL Tech, IndusInd Bank, PowerGrid, as well as Infosys were among the laggards. In the previous session, the BSE barometer rallied 519.11 points, or at 1.49%, to close at 35,430.43; where as the NSE Nifty soared 159.80 points, or 1.55%, to end at 10,471. On a net basis, foreign institutional investors bought equities worth around of ₹168.96 crores in the capital market on Tuesday, provisional exchange data showed. According to the analysts, news of disengagement between India and also China has relieved participants, after days of heated arguments. Asian paints Further more, the positive sentiment in global markets and also unabated foreign fund inflows also supported domestic equities, as they told clearly as well.
On the global front as well, bourses in Shanghai and Seoul were trading with gains in early deals, while those in Hong Kong and Tokyo were in the red. Stock exchanges on Wall Street ended on a positive note in the overnight sessions. International oil benchmark Brent crude futures fell 0.52% to $42.41 per barrel as well.