Equity benchmark indices in the Indian stock market closed on a positive note on Wednesday, aided by a late rally in major stocks such as Reliance Industries, ITC, and M&M. The day witnessed cautious trading, with investors closely observing two upcoming significant events—RBI’s monetary policy and US inflation data—scheduled for announcement on Thursday.
The BSE Sensex, a 30-share index, climbed 149.31 points or 0.23%, ultimately settling at 65,995.81. It experienced fluctuations throughout the day, briefly dropping by 402.12 points or 0.61% to 65,444.38, but also reaching a high of 66,066.01.
The NSE Nifty, another key index, gained 61.70 points or 0.32% to conclude at 19,632.55.
The major gainers on the Sensex included JSW Steel, rising by 2.68%, followed by Tata Motors, Mahindra & Mahindra, Tata Steel, Titan, ITC, Tech Mahindra, NTPC, Reliance Industries, and Larsen & Toubro.
However, Bajaj Finance, Maruti, ICICI Bank, Power Grid, Asian Paints, and Axis Bank were among the notable decliners.
In Asian markets, Tokyo and Shanghai closed lower, while Seoul and Hong Kong ended in positive territory. Meanwhile, European markets were trading with gains, but US markets had closed in the red in the previous night’s trade.
Foreign Institutional Investors (FIIs) reportedly sold equities worth ₹711.34 crore on Tuesday, according to exchange data.
The global oil benchmark, Brent crude, rose by 0.79% to reach USD 86.85 per barrel.
The Indian rupee appreciated by 5 paise to close at 82.86 (provisional) against the US dollar on Wednesday.
In the previous trading session, the BSE benchmark had fallen by 106.98 points or 0.16% to conclude at 65,846.50, while the Nifty had slipped by 26.45 points or 0.13% to end at 19,570.85.
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