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

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…

3 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…

3 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,…

6 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…

7 hours ago