Opens 194 points higher at 64,766, Nifty rises to 19,336
Following a severe beating in the previous session, benchmark equity indexes rose in early trading on wednesday due to favourable developments in international markets and inflows of foreign capital. The rebound of the markets was also aided by declining crude oil prices.
The 30-share BSE Sensex climbed 193.64 points to 64,765.52 in early trade. The Nifty advanced 54.55 points to 19,336.30.
Among the Sensex firms, JSW Steel, Tata Steel, HCL Technologies, mahindra BANK' target='_blank' title='kotak mahindra bank-Latest Updates, Photos, Videos are a click away, CLICK NOW">kotak mahindra bank, bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">state bank of india and Axis bank were the major gainers.
Infosys, NTPC, Hindustan Unilever and Titan were among the laggards.
In Asian markets, Tokyo, shanghai and hong kong traded in the positive territory while Seoul quoted lower.
The US markets ended in the green on Tuesday.
Global oil benchmark Brent crude climbed 0.07 per cent to USD 88.13 a barrel.
Foreign Institutional Investors (FIIs) bought equities worth ₹252.25 crore on Monday, according to exchange data.
"The uncertainties associated with the Israel-Hamas conflict will continue to weigh on markets in the near term.
The 30-share BSE Sensex climbed 193.64 points to 64,765.52 in early trade. The Nifty advanced 54.55 points to 19,336.30.
Among the Sensex firms, JSW Steel, Tata Steel, HCL Technologies, mahindra BANK' target='_blank' title='kotak mahindra bank-Latest Updates, Photos, Videos are a click away, CLICK NOW">kotak mahindra bank, bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">state bank of india and Axis bank were the major gainers.
Infosys, NTPC, Hindustan Unilever and Titan were among the laggards.
In Asian markets, Tokyo, shanghai and hong kong traded in the positive territory while Seoul quoted lower.
The US markets ended in the green on Tuesday.
Global oil benchmark Brent crude climbed 0.07 per cent to USD 88.13 a barrel.
Foreign Institutional Investors (FIIs) bought equities worth ₹252.25 crore on Monday, according to exchange data.
"The uncertainties associated with the Israel-Hamas conflict will continue to weigh on markets in the near term.
"Positive news like decline in the US bond yields and weakening crude can help the market to revive but it may not sustain given the uncertainty surrounding the West Asian conflict," said v K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Equity markets were closed on tuesday on account of dussehra festival.
The BSE benchmark plunged 825.74 points or 1.26 per cent to settle at 64,571.88 on Monday. The Nifty fell 260.90 points or 1.34 per cent to 19,281.75.
Equity markets were closed on tuesday on account of dussehra festival.
The BSE benchmark plunged 825.74 points or 1.26 per cent to settle at 64,571.88 on Monday. The Nifty fell 260.90 points or 1.34 per cent to 19,281.75.