Stock Market Update: Standard indices of domestic stock markets saw a bullish trend during early trading on Wednesday on strong cues from global markets.
BSE’s 30-share index Sensex gained 382.43 points to reach 59,343.03 points in early trade. Similarly, NSE’s Nifty also gained 98.45 points to reach 17,585.40 points.
This is the fourth consecutive trading day when domestic markets witnessed a bullish trend. On the previous trading day also, both the major indices had registered gains.
Among the companies included in the Sensex, HDFC, HDFC Bank, PowerGrid, Larsen & Toubro, Titan, Axis Bank, Mahindra & Mahindra, NTPC and UltraTech Cement were strong gains in early trade.
On the other hand, HCL Technology, SBI, Infosys, Sun Pharma and Bajaj Finserv were in early losses.
In other Asian markets, indices in Seoul and Tokyo were trading with gains, while Shanghai and Hong Kong registered a decline. US markets closed with gains on Tuesday.
International oil benchmark Brent crude rose 0.59 percent to $90.56 per barrel.
Meanwhile, foreign institutional investors have continued their sell-off from the Indian markets. According to available data, foreign investors had net sell-off of shares worth Rs 153.40 crore on Tuesday.
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