Benchmark Indices Extend Gains
Equity benchmark indices were trading higher in early trade on Wednesday, supported by sustained buying from domestic institutional investors.At around mid-morning trade, the 30-share BSE Sensex was up 206.02 points, or 0.24 percent, at 84,881.10. The 50-share NSE Nifty was trading at 26,030.25, up 91.40 points, or 0.35 percent.
Sensex Stocks in Focus
Among Sensex constituents, Tata Steel, Bharat Electronics, Titan, Axis Bank, Adani Ports, and Hindustan Unilever were trading higher in early deals.Meanwhile, Bajaj Finserv, Tata Consultancy Services, Mahindra and Mahindra, and Infosys were among the stocks trading lower.
Global Market Cues Remain Weak
Asian equity markets were largely under pressure, with South Korea’s Kospi, China’s SSE Composite, and Hong Kong’s Hang Seng trading lower.US markets ended lower in the previous session.
Institutional Flow and Crude Update
On Tuesday, foreign institutional investors sold equities worth Rs 3,844.02 crore, while domestic institutional investors bought shares worth Rs 6,159.81 crore, according to exchange data.Brent crude, the global oil benchmark, edged lower by 0.10 percent to USD 61.27 per barrel.
Previous Session Close
In the previous session, the Sensex slipped 20.46 points, or 0.02 percent, to close at 84,675.08, while the Nifty declined 3.25 points, or 0.01 percent, to settle at 25,938.85.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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