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

Jamia Students Back Waqf Amendment Bill; Call It A Step Toward Empowerment

The student group 'Shaher-E-Arzoo' expressed firm support for the Waqf Amendment Bill, calling it a…

2 hours ago

India’s Exports To The US Face Limited Impact From Tariff Hike: SBI Report

The 27% tariff hike by US President Donald Trump on Indian goods will have only…

2 hours ago

Waqf Freed From Mafia Control, New Era Of Development Begins For Muslims: MRM

Following the passage of the Waqf Amendment Bill 2024 in both Houses of Parliament, celebrations…

3 hours ago

India’s Forex Reserves Surge To $665.4 Billion; Rupee Strengthens As Trade Deficit Narrows

India’s forex reserves jumped $6.6 billion to a five-month high of $665.4 billion for the…

4 hours ago

Laxmi Singh Leads Gautam Buddha Nagar Police To Historic No 1 Rank In IGRS Across All Stations

Gautam Buddha Nagar Police, led by CP Laxmi Singh, achieved a historic feat with all…

5 hours ago

Avoid Rhetoric That Vitiates Atmosphere, Ensure Safety Of Hindus In Bangladesh: PM Modi Tells Yunus

Prime Minister Narendra Modi called on Bangladesh to bring perpetrators of atrocities against Hindus and…

5 hours ago