Mumbai: Equity Benchmark Indices Rise in Early Trade on Positive Global Trends and Gains in Reliance Industries and ITC
Equity benchmark indices rose in early trade on Wednesday, supported by positive global market trends and gains in Reliance Industries and ITC.
The 30-share BSE Sensex increased by 212.21 points, reaching 74,165.52. Meanwhile, the NSE Nifty climbed 48.35 points to 22,577.40.
Leading the gains among Sensex constituents were Reliance Industries, NTPC, Hindustan Unilever, Asian Paints, Nestle, and ITC.
Conversely, State Bank of India, Power Grid, JSW Steel, and Mahindra & Mahindra were among the laggards.
In Asian markets, Seoul, Shanghai, and Hong Kong traded positively, while Tokyo saw a decline.
On Wall Street, indices closed in the green on Tuesday.
The global oil benchmark, Brent crude, declined by 0.69 percent to USD 82.31 per barrel.
According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 1,874.54 crore on Tuesday.
The BSE benchmark declined by 52.63 points, or 0.07 percent, to settle at 73,953.31 on Tuesday. The Nifty, however, ended higher by 27.05 points, or 0.12 percent, to 22,529.05.
