Markets Close Higher, Sensex Soars 2156 Points

Benchmark equity indices closed higher on Wednesday, with the Sensex up 2156 points, boosted by positive global market trends and a clear majority for the NDA in the Lok Sabha elections.

The 30-share BSE Sensex soared 2156.66 points, or 2.99 percent to 72, 235.71. The NSE Nifty advanced 688.95 points, or 3.42 percent to 22,573.45.

Adani Green Energy, Adani Ports, Trent, Induslnd Bank, United Spirits, Ambuja Cements, and Hindalco were the top gainers.

Among the laggards were Adani Energy Solut., Bharat Dynamics, Paytm, Engineering India, NHPC, and Oil India.

In Asian markets, Singapore, Hong Kong, Indonesia, South Korea, Taiwan, and Thailand ended higher, while Shanghai, Malaysia, Tokyo, and Singapore closed lower.

US markets concluded in positive territory on Tuesday.

European stocks were trading higher.

Brent crude gained 0.08 percent to USD 77.62 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 12,436.22 crore on Tuesday.

On Tuesday, the Sensex dipped 4389.73 points, or 5.74 percent to 72,079.05, while the Nifty sank 1379.40 points, or 5.92 percent to 21,884.15. It was the biggest decline since March 23, 2020, when lockdown was imposed due to the COVID-19 pandemic.

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