Early trading saw a market recovery amid the continuous upward trend in stocks

In early trading on Wednesday, largecap stock purchases and the continuous upward trend in equities led to a comeback in benchmark market indexes.

In early trading, the 30-share BSE Sensex increased 273.65 points to 74,957.35. At 22,726.60, the NSE Nifty increased by 83.85 points.

The top gainers from the Sensex basket were State Bank of India, Bharti Airtel, Tata Steel, Reliance Industries, Kotak Mahindra Bank, and Axis Bank.

The laggards were Wipro, UltraTech Cement, HDFC Bank, and Tata Consultancy Services.

Hong Kong’s quotation was positive, while Tokyo and Shanghai’s traded down in Asian markets. Tuesday saw generally positive results on Wall Street.

According to Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd., “positive factors such as expectations of robust Q4 corporate earnings and a pre-election rally are supporting the market.”

The benchmark for world oil, Brent crude, increased by 0.04 percent to USD 89.46 a barrel.

According to exchange statistics, foreign institutional investors (FIIs) offloaded stocks worth Rs 593.20 crore on Tuesday.

The fact that the fundamentally sound largecaps have outperformed the mid and smallcaps is a noteworthy, positive trend in the market lately. As a result of this tendency, the market is becoming healthier and may continue, according to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

On Tuesday, the BSE benchmark fell 58.80 points, or 0.08 percent, to end the day at 74,683.70.

During the day, the benchmark crossed over the 75,000-mark for the first time ever. To 22,642.75, the NSE Nifty fell 23.55 points, or 0.10 percent. During the day, it reached the record high of 22,768.40.