Early trading sees all-time highs for the Sensex and Nifty
In the early hours of trading on Wednesday, the benchmark equity indexes Sensex and Nifty reached new highs due to a surge in US stock markets and fresh inflows of foreign capital.
Investing in market giants Reliance Industries and HDFC Bank also contributed to the upbeat sentiment.
The 30-share BSE Sensex increased 299.97 points from the previous day’s rise to reach an all-time high of 63,716 in early trading. The NSE Nifty increased 90.75 points to hit 18,908.15, an all-time high.
Reliance Industries, Tata Motors, Mahindra & Mahindra, Tata Steel, and Infosys were among the top gainers from the Sensex pack, along with Titan, Bajaj Finance, State Bank of India, ITC, Larsen & Toubro, IndusInd Bank, HDFC Bank, and Titan.
Laggards included Tech Mahindra, Axis Bank, Kotak Mahindra Bank, HCL Technologies, Power Grid, and NTPC.
Tokyo was trading higher on Asian markets, while Seoul, Shanghai, and Hong Kong were trading down.
The US stock markets considerably increased Tuesday.
Benchmark Brent crude for all crude oil increased 0.61 percent to USD 72.70 per barrel.
According to exchange statistics, foreign institutional investors (FIIs) purchased shares of stock worth Rs 2,024.05 crore on Tuesday.
The BSE benchmark increased by 446.03 points or 0.71 percent on Tuesday to close at 63,416.03. To finish at 18,817.40, the Nifty gained 126.20 points, or 0.68 percent.
