Markets Climb In Early Trade; Sensex Gains 138 Points

Equity benchmark indices rose in early trade on Wednesday, climbing for the fourth day in a row, driven by buying in Reliance Industries and ITC, as well as a strong trend in the US markets.

The 30-share BSE Sensex climbed 138.53 points to 73,243.14 in early trade. The NSE Nifty went up by 60.7 points to 22,278.55.

Siemens, Cipla, Power Finance Corp, Coal India, Adani Power, Adani Green Energy, Vedanta, RECL, Adani Enterprises, Zydus, and SRF were the top gainers.

Among the laggards were Bosch, Berger Paints, JSW Steel, Sun Pharmaceutical, Samvardhana Motherson, and Colgate-Palmolive.

In Asian markets, Tokyo, Indonesia, and Taiwan were trading higher, while Singapore, Shanghai, Thailand, and Malaysia were trading lower. South Korea and Hong Kong’s markets were closed for a holiday.

US markets concluded with gains on Tuesday.

Brent crude gained 0.72 percent to USD 82.96 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 4,065.52 crore on Tuesday.

On Tuesday, the Sensex surged 328.48 points or 0.45 percent to 73,104.61, while the Nifty moved 113.80 points, or 0.51 percent, to 22,217.85.

Also read: Gold Drops Rs 200; Silver Grows Rs 800