Business

Early Trading Saw A Market Bounce On Solid Global Trends

Benchmark equity indices rose in early trade on Wednesday after taking a beating in the previous session, thanks to solid global market trends and foreign fund inflows.

In early trade, the 30-share BSE Sensex rose 193.64 points to 64,765.52. The Nifty gained 54.55 points to 19,336.30.

JSW Steel, Tata Steel, HCL Technologies, Kotak Mahindra Bank, State Bank of India, and Axis Bank were the top gainers on Sensex.

Among the laggards were Infosys, NTPC, Hindustan Unilever, and Titan.

Tokyo, Shanghai, and Hong Kong all traded higher in Asian markets, but Seoul traded lower.

On Tuesday, the US markets finished in the green.

Brent crude gained 0.07 percent to USD 88.13 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) purchased securities worth Rs 252.25 crore on Monday.

The equity markets were closed on Tuesday due to the Dussehra celebration.

On Monday, the BSE benchmark fell 825.74 points or 1.26 percent to 64,571.88. The Nifty lost 260.90 points or 1.34 percent to 19,281.75.

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Spriha Rai

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