Business

Markets Surge For 2nd Day In A Row On Buying In State Bank of India And Reliance

Equity benchmark indices rose in early trade on Wednesday, driven by buying in shares of State Bank of India and Reliance Industries, as well as strong trends in the US markets.

Fresh foreign capital inflows contributed to the strong momentum in markets.

In early trade, the 30-share BSE Sensex soared 373.12 points to 72,559.21, extending its gain from the previous day. The Nifty advanced 123.9 points to 22,053.30.

State Bank of India, Axis Bank, JSW Steel, Tata Steel, Titan, Kotak Mahindra Bank, Bajaj Finance, Bajaj Finserv, Sun Pharma, and Reliance Industries were the top gainers.

Among the laggards were HCL Technologies, Infosys, Power Grid, Wipro, Tech Mahindra, and ICICI Bank.

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

Brent crude gained 0.20 percent to USD 78.75 per barrel.

The US markets closed higher on Tuesday.

According to the exchange data, Foreign Institutional Investors (FIIs) acquired securities worth Rs 92.52 crore on Tuesday.

On Tuesday, the Sensex surged 454.67 points or 0.63 percent to 72,186.09, while the Nifty moved 157.70 points or 0.72 percent to 21,929.40.

Also read: Afghanistan Experiences A 4.3 Magnitude Earthquake

Spriha Rai

Recent Posts

Gautam Adani Hails Puri Lifeguards As Unsung Heroes During Rath Yatra Visit

Gautam Adani, Chairman of the Adani Group, visited Puri in Odisha during the annual Rath…

4 hours ago

Acharya Pramod Krishnam Slams Congress Over ‘Internal Emergency’ Allegation

Acharya Pramod Krishnam, stirred political debate by claiming an 'internal emergency' still exists within the…

4 hours ago

MRM Meeting: Pledge for Global Peace, Green India, De-addiction & Democratic Integrity

Taking a crucial step toward positive transformation, social reform, and global peace, the Muslim Rashtriya…

4 hours ago

India To Host 2029 World Police & Fire Games; Amit Shah Hails Global Recognition

India has been chosen to host the prestigious 2029 World Police and Fire Games in…

4 hours ago

Seeing The Lord Among Devotees Is The Pinnacle Of Humility: Gautam Adani At Rath Yatra

Gautam Adani, along with his wife and Karan, participated in the Rath Yatra in Puri,…

7 hours ago

PM Modi Interacts With Group Captain Shubhanshu Shukla Aboard The ISS

PM Narendra Modi interacted with Group Captain Shubhanshu Shukla, the first Indian to reach the…

8 hours ago