Business

Markets rise in volatile trading despite sluggish global cues

The Sensex and Nifty crept higher on Wednesday after a tumultuous session marked by negative indications from Asian and European markets, as well as continued foreign fund outflows.

The 30-share BSE Sensex rose 33.21 points or 0.05 percent to 64,975.61. It reached a high of 65,124 and a low of 64,851.06.

The broader Nifty strengthened 36.80 points or 0.19 percent to 19,443.50 with 29 of its components closing in green and the remaining 21 in red.

Asian Paints, Titan, Larsen & Toubro, JSW Steel, ITC, Hindustan Unilever, Maruti, and Reliance Industries were the top gainers on the Sensex.

Among the laggards were ICICI Bank, NTPC, Infosys, Tech Mahindra, Tata Steel, and Bajaj Finance.

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong all ended in negative territory.

The European markets were trading in the red.

On Tuesday, the US markets concluded in green.

Brent crude gained 0.15 percent to USD 81.73 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 497.21 crore on Tuesday.

On Tuesday, the BSE benchmark dropped 16.29 points or 0.03 percent to 64,942.40. The Nifty slid 5.05 points or 0.03 percent to 19,406.70.

Also read: China to hold talks at all levels ahead of Biden-Xi meeting

Spriha Rai

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