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Domestic markets were bullish in early trade on Wednesday due to positive trend in global markets and buying by foreign investors. Softening crude oil prices also helped to stabilize the market. BSE’s 30-share flagship Sensex opened 193.64 points higher at 64,765.52 in early trade. The Nifty rose 54.55 points to 19,336.30.
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Among the Sensex companies, shares of JSW Steel, Tata Steel, HCL Technologies, Kotak Mahindra Bank, State Bank of India and Axis Bank rose. Shares of Infosys, NTPC, Hindustan Unilever and Titan declined.
Among other Asian markets, China’s Shanghai Composite, Japan’s Nikkei and Hong Kong’s Hang Seng were among the gainers. While South Korea’s Kospi remained at a loss.
American markets closed on a positive note on Tuesday. Global oil benchmark Brent crude rose 0.07 percent to $88.13 a barrel. Foreign Institutional Investors (FIIs) on Monday invested Rs. 252.25 crore shares were bought.
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(This news is not edited by the NDTV team. It is published directly from the syndicate feed.)