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Sensex advanced more than 200 point in early trade on Wednesday

Benchmark indices BSE Sensex and NSE Nifty maintained their firm undertone in the morning session on Wednesday. Sensex rose 243 points or 0.69 percent to 35,673, while the Nifty spurted 68 points or 0.66 percent to 10,539.

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The top gainers on the Sensex were Asian Paints, ITC, Bajaj Auto, Titan, and M&M, while the laggards were HCL Tech, Power Grid, IndusInd Bank, Sun Pharma, and Infosys.

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According to an agency report, Sensex advanced over 200 points in early trade on Wednesday tracking gains in index-heavyweights Reliance Industries and ITC amid sustained foreign fund inflows.

In the previous session, the BSE barometer rallied 519.11 points, or 1.49 percent, to close at 35,430.43; while the NSE Nifty soared 159.80 points, or 1.55 percent, to end at 10,471.

On a net basis, foreign institutional investors bought equities worth Rs 168.96 crore in the capital market on Tuesday, provisional exchange data showed.

According to analysts, news of disengagement between India and China has relieved participants, after days of heated arguments. Further, positive sentiment in global markets and unabated foreign fund inflows also supported domestic equities, they said.

On the global front, bourses in Shanghai and Seoul were trading with gains in early deals, while those in Hong Kong and Tokyo were in the red.

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Sensex

Stock exchanges on Wall Street ended on a positive note in the overnight sessions. International oil benchmark Brent crude futures fell 0.52 percent to $42.41 per barrel.

Equity benchmark Sensex advanced over 200 points in early trade on Wednesday tracking gains in index-heavyweights Reliance Industries and ITC amid sustained foreign fund inflows.

After touching a high of 35,679.74, the 30-share index was trading 220.35 points, or 0.62 percent, up at 35,650.78.

Similarly, NSE Nifty rose 56.45 points, or 0.54 percent, to 10,527.45.

Asian Paints was the top gainer in the Sensex pack, rallying around 4 percent, followed by ITC, Bajaj Auto, Bajaj Finance, NTPC, and Titan.
On the other hand, HCL Tech, IndusInd Bank, PowerGrid, and Infosys were among the laggards.

In the previous session, the BSE barometer rallied 519.11 points, or 1.49 percent, to close at 35,430.43; while the NSE Nifty soared 159.80 points, or 1.55 percent, to end at 10,471.

On a net basis, foreign institutional investors bought equities worth Rs 168.96 crore in the capital market on Tuesday, provisional exchange data showed. According to analysts, news of disengagement between India and China has relieved participants, after days of heated arguments.

Further, positive sentiment in global markets and unabated foreign fund inflows also supported domestic equities, they said.

On the global front, bourses in Shanghai and Seoul were trading with gains in early deals, while those in Hong Kong and Tokyo were in the red.

 

Also read:-Asian paints was the top gainer in the Sensex , rallying near to 4%