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Sensex gains 74 points in early trade as crude oil eases
Market benchmark BSE Sensex on Wednesday climbed 74 points backed by gains in select private bank, financial and metal stocks amid easing global crude prices.
Mumbai: Market benchmark BSE Sensex on Wednesday climbed 74 points backed by gains in select private bank, financial and metal stocks amid easing global crude prices.
The appreciating rupee and mixed leads from other Asian markets too influenced sentiment, traders said.
Also Read: Sensex up 84 points in opening deals, Nifty hovers near 12,043
The 30-share index was trading 74.04 points or 0.18 per cent higher at 40,313.92 in morning trade. The broader Nifty was trading 29.50 points or 0.25 per cent up at 11,886.30. In the Sensex kitty, ICICI Bank emerged as the biggest gainer with 0.88 per cent rise, followed by M&M, ITC, Bajaj Finance, TCS, Tata Steel, NTPC, L&T, and HDFC.
In the previous session, the 30-share gauge closed 247.55 points or 0.61 per cent lower at 40,239.88. On similar lines, the 50-scrip NSE Nifty fell 80.70 points or 0.68 per cent to finish at 11,856.80.
Also Read: Equity indices largely flat, auto and metal stocks gains
On Tuesday, foreign institutional investors (FIIs) emerged as net sellers in the capital market, offloading Rs 366.79 crore, while domestic institutional investors bought shares worth Rs 338.40 crore, data available with stock exchange showed. Meanwhile, the rupee appreciated by 8 paise to 70.84 in morning session.
On Wall Street, the Dow Jones closed 0.1 per cent lower at 27,881.72.(PTI)