Business

Share Markets Pare Early Gains In Turbulent Trade Amid Weak Global Equities

Benchmark indices Sensex and Nifty opened on a strong note on Wednesday but eventually gave up all of their early gains due to a negative trend in global markets.

In early trade, the 30-share BSE Sensex rose 204.23 points to 61,965.56. The Nifty 50 rose 57.2 points to 18,323.15.

However, both key benchmark indices pared all the gains, with the BSE benchmark trading 71.95 points lower at 61,689.38, and the Nifty trading 22.85 points worse at 18,243.10.

Early on Wednesday, the rupee strengthened 10 paise to 81.96 against the US dollar, following the American currency’s decline in foreign exchange markets.

IndusInd Bank, Power Grid, Tata Motors, Reliance Industries, UltraTech Cement, Nestle, and ITC were the top gainers on the Sensex.

The major laggards were the State Bank of India, Tata Steel, Axis Bank, and HDFC.

Also read: Physics Wallah Launches Offline Centre PWOnlyIAS in Rajinder Nagar, Makes Investment Of Rs 100 Crore For UPSC Offerings

On Tuesday, in Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were all trading in the red.

On Tuesday, the United States markets closed in the red.

Meanwhile, the global oil benchmark Brent crude fell 0.70 percent to USD 76.90 per barrel.

According to the exchange, Foreign Institutional Investors (FIIs) were net buyers on Tuesday, buying equities worth Rs 1,942.19 crore.

On Tuesday, the BSE benchmark fell 2.92 points to 61,761.33. The Nifty finished at 1.55 points or 0.01 percent at 18,265.95.

Also read: Chinese Tycoon Zhang Jin, Founder Of Fortune 500 Company, Arrested For Alleged Illegal Fundraising Worth US$3 Billion

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…

2 hours 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…

3 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…

3 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…

3 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)…

3 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