Business

Markets rise in early trade as a result of foreign capital inflows and purchases of IT equities

In early trade on Wednesday, equity benchmark indices rose on continued foreign fund inflows and buying in heavyweight IT firms, Reliance Industries, and HDFC Bank.

After a solid start to the day, the 30-share BSE Sensex surged 305.44 points to 66,479.64 in early trade. The Nifty advanced 103 points to 19,992.70.

Bharti Airtel, Tech Mahindra, Wipro, Tata Consultancy Services, HCL Technologies, Infosys, Mahindra & Mahindra, HDFC Bank, Axis Bank, and Reliance Industries were the top gainers on the Sensex.

The laggards were Power Grid and NTPC.

In Asian markets, Tokyo was up, while Seoul, Shanghai, and Hong Kong were lower.

Tuesday’s US stock market closed modestly higher.

Brent crude lost 0.2 percent to USD 81.66 a barrel.

According to data exchange, Foreign Institutional Investors (FIIs) purchased securities worth Rs 783.82 crore on Tuesday.

On Tuesday, the BSE benchmark rose 204.16 points, or 0.31 percent, to 66,174.20. The Nifty increased by 95 points, or 0.48 percent, to 19,889.70.

Also read: US Embassy grants record-breaking visas to Indian students

Spriha Rai

Recent Posts

PM Modi Distributes Over 51,000 Appointment Letters In 15th Rozgar Mela

PM Modi distributed 51,236 appointment letters to newly-recruited candidates in central government departments and organisations…

1 hour ago

Indian Embassy In Berlin Holds Memorial For Pahalgam Terror Victims

The Indian Embassy in Berlin organised a solemn memorial service to honour the victims of…

2 hours ago

Joe Jonas Reflects On Disconnecting From Technology And Reliving Childhood

Pop star Joe Jonas recently performed his latest single, Heart by Heart, to a phone-free…

2 hours ago

Chennai Super Kings’ Struggles Continue As Sunrisers Hyderabad Secure Crucial Win

CSK captain Mahendra Singh Dhoni has openly acknowledged the team's ongoing struggles in the 2025…

2 hours ago

Supreme Court Confirms Disruption In Digital Services Due To National Government Cloud Outage

The Supreme Court announced on Saturday that a disruption in the National Government Cloud (NGC)…

2 hours ago

India Responds To Ceasefire Violations After Pahalgam Terror Attack

Following the deadly terrorist attack in Pahalgam on 22 April, Pakistan has escalated tensions by…

3 hours ago