Stock Markets Rise In Early Trade; Sensex Soars 132 Points

Equity benchmark indices Sensex and Nifty rose in early trade on Wednesday, owing to strong global market trends.

The 30-share BSE Sensex advanced 132.84 points, or 0.17 percent to 74,086.15. The NSE Nifty moved 33.10 points, or 0.14 percent to 22,562.05.

Avenue Supermarts, Adani Power, Coal India, Marico, Dabur India, LIC, Reliance Industries, and Hindustan Unilever were the top gainers.

Among the laggards were Zydus, IRFC, Bharat Electronics, GAIL (India), Hindalco, Power Finance Corp, RECL, BPCL, and PNB.

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

US markets closed in the green on Tuesday.

Brent crude lost 0.69 percent to USD 82.31 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 1,874.54 crore on Tuesday.

On Tuesday, the Sensex sank 52.63 points or 0.07 percent to 73,953.31, while Nifty the Nifty inched up 27.05 points or 0.12 percent to 22,529.05.

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