Business

Gains In Metal & Commodity Equities Drive Up Sensex And Nifty

Equity benchmark indices rose for the third straight day on Wednesday, recovering early losses to conclude in positive territory, boosted by buying in metal, commodity, and energy stocks amid encouraging WPI inflation data.

However, cautious trading persisted in the market as investors preferred to remain on the sidelines ahead of the US Fed’s interest rate announcement later in the day.

The 30-share BSE Sensex advanced 85.35 points or 0.14 percent to 63,228.51. It hit a high of 63,274.03 and a low of 63,013.51 during the day.

The NSE Nifty rose 39.75 points or 0.21 percent 18,755.90.

Tata Steel led the Sensex gainers with a 2.39 percent gain, followed by Tata Motors, Power Grid, Reliance Industries, UltraTech Cement, NTPC, Nestle, HUL, Mahindra & Mahindra, Wipro, Kotak Mahindra Bank, and Asian Paints.

Bajaj Finance, IndusInd Bank, Axis Bank, Bharti Airtel, Bajaj Finserv, ICICI Bank, Infosys, and Titan, on the other hand, were among the laggards.

In Asian markets, Seoul, Shanghai, and Hong Kong closed in red, while Tokyo finished in green.

European equity markets were trading higher.

On Tuesday, the US markets concluded in positive territory.

Brent crude rose 1.08 percent to $75.09 a barrel.

According to exchange data, Foreign Institutional Investors (FIIs) purchased securities worth Rs 1,677.60 crore on Tuesday.

The BSE benchmark rose 418.45 points or 0.67 percent to end at 63,143.16 on Tuesday. The Nifty finished the day up 114.65 points or 0.62 percent, at 18,716.15.

Also read: Amit Shah: India Accomplished Journey From Red Tape To Red Carpet In 9 Years Of Modi Rule

Spriha Rai

Recent Posts

Mallikarjun Kharge Slams ‘Batenge Toh Katenge’ Slogan During Jharkhand Campaign

Kharge emphasized that the BJP leaders promote divisive rhetoric as part of their agenda. He…

12 mins ago

Police Arrest Two In Fake Marriage Certificate Racket In Name Of Arya Samaj

DCP Nagar Abhishek Bharti revealed that five couples, including Shivani and Shrikant Yadav, recently filed…

49 mins ago

India And Nigeria Strengthen Counter-Terrorism Cooperation In Second Strategic Dialogue

Doval and Ribadu held detailed talks on challenges linked to terrorism and radicalization, including those…

1 hour ago

Ola Electric’s Share Hits All-Time Low Of Rs 74 Ahead Of Q2 Results

Analysts predict that the stock could drop closer to the Rs 70 mark. Ola Electric…

2 hours ago

US Election: Voting Begins With First Ballots Cast In New Hampshire

This election is one of the most divisive in US history. Harris and Trump have…

2 hours ago

Waqf Bill: Opposition MPs Meet LS Speaker, Lodge Protest Against JPC Chairman Jagdambika Pal

Opposition members alleged that Pal calls JPC meetings without consulting them and restricts their opportunity…

3 hours ago