Global oil benchmark Brent crude showed resilience, climbing 0.99% to reach USD 80.33 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 84.55 crore on Wednesday, according to exchange data.
The market's performance reflects positive sentiment and growing investor confidence. Investors and market experts attribute this upward trend to several factors.
Stock markets: The 30-share BSE Sensex jumped 181.6 points to 65,124 in early trade. The Nifty climbed 49 points to 19,455.70 points.
These fluctuations highlight the ongoing dynamics in India's financial landscape, with investors keenly observing these movements and their potential implications for the market.
The rupee depreciated 5 paise to 83.26 against the US dollar in the morning session on Tuesday, tracking a strong American currency overseas and sustained foreign fund outflows.
This upward momentum in both indices reflects a positive sentiment in the stock market, potentially driven by favorable economic indicators and investor confidence.
The 30-share BSE Sensex jumped 471.45 points to 64,835.23 in early trade. The Nifty climbed 126.75 points to 19,357.35 points.
The 30-share BSE Sensex jumped 414.06 points to 64,494.96 in early trade. The Nifty climbed 125.5 points to 19,258.75.
The 30-share BSE Sensex jumped 593.8 points to 64,185.13 in early trade. The Nifty climbed 179.3 points to 19,168.45.
Investors opted for cautious trading strategies and trimmed their equity exposure as markets recorded a second successive session of declines. The selling pressure primarily affected metal, power, automobile, and banking stocks. However, gains in the telecom sector helped mitigate overall losses.
The 30-share BSE Sensex declined 193.99 points to 63,680.94. The Nifty slipped 47 points to 19,032.60.
The 30-share BSE Sensex climbed 339.67 points to 64,452.32 in early trade. The Nifty advanced 92.8 points to 19,233.70. Later, both the benchmark indices quoted flat in a volatile trade.
The 30-share BSE Sensex declined 179.06 points to 63,603.74 in early trade. The Nifty dipped 49.25 points to 18,998.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,236.60 crore on Wednesday, according to exchange data.
The Sensex, which comprises 30 large-cap companies listed on the BSE, opened at 62,987.25 points and eventually settled at 63,031.91 points, marking a gain of 0.07% or 40.73 points compared to its previous closing.
Several sectors are contributing to the upward momentum, with banking, IT, and pharmaceuticals showing positive trends in early trade. This is in line with the broader market optimism regarding the growth and profitability of these sectors.
the Nifty 50 index experienced a challenging day, trading at 19,566 points, a 0.59% decrease.
The Bank Nifty index commenced the day at 44,404.20, down slightly by 4.5 points from its previous close. Several sectoral indices showed a mixed trend at the start of trading.
The 30-share BSE Sensex declined 115. 81 points to settle at 66,166. 93. During the day, it fell 243.36 points to 66,039.38. The Nifty slipped 19.30 points to 19,731.75.
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