Business

Stock Markets Rise In Early Trade; Sensex Gains 307 Points

Benchmark equity indices surged in early trade on Wednesday, with the Sensex up 307 points, boosted by favorable Asian market trends and a clear majority for the NDA in the Lok Sabha elections.

The 30-share BSE Sensex soared 307.24 points, or 0.42 percent to 72,386.29. The NSE Nifty advanced 17.40 points, or 0.35 percent to 21,963.00.

Marico, Hindustan Unilever, Dabur India, United Spirits, Britannia Industries, Tata Consumer, Asain Paints, Hero MotoCorp, Nestle India, Colgate-Palmolive, Godrej Consumer, and Zydua were the top gainers.

Among the laggards were Adani Energy Solut., Adani Power, RECL, L&T, IRCTC, Hindalco, HAL, Bharti Electronic, Power Grid Corp, NTPC, IRFC, and Power Finance Corp.

In Asian markets, Hong Kong, Indonesia, South Korea, Taiwan, and Thailand were trading higher, while Shanghai, Malaysia, Tokyo, and Singapore were trading lower.

US markets concluded in positive territory on Tuesday.

Brent crude lost 0.04 percent to USD 77.49 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 12,436.22 crore on Tuesday.

On Tuesday, the Sensex dipped 4389.73 points, or 5.74 percent to 72,079.05, while the Nifty sank 1379.40 points, or 5.92 percent to 21,884.15. It was the biggest decline since March 23, 2020, when lockdown was imposed due to the COVID-19 pandemic.

Also read: Congress: Exit Polls Provides An Artificial Boost To Financial Markets

Spriha Rai

Recent Posts

UN Chief Urges Immediate Ceasefire In Gaza; Highlights Deepening Humanitarian Crisis

UN Secretary-General Antonio Guterres has called for an immediate ceasefire in Gaza, following the temporary…

4 mins ago

Horoscope Today, 28 June 2025: Know What Your Zodiac Sign Says!

Horoscope Today, 28 June 2025: Curious what the stars have in store? Discover how your…

2 hours ago

4415 Indians Evacuated From Iran And Israel Under ‘Operation Sindhu’: MEA

India evacuated 4,415 nationals from Iran and Israel under Operation Sindhu, the MEA said Friday,…

9 hours ago

PM Modi To Embark On Five-Nation Tour To Strengthen Global Partnerships

PM Narendra Modi will embark on a five-nation tour from July 2, visiting Ghana, Trinidad…

9 hours ago

Allahabad HC Directs UPPSC To Allow Petitioner A Scribe For PCS Main Exam

The Allahabad HC has directed the UPPSC to allow petitioner Sameer Khan to use a…

10 hours ago

Allahabad High Court Slams UP Officials For Defying Judicial Orders

The Allahabad High Court strongly rebuked three senior officials from Baghpat district, the Collector, SDM…

10 hours ago