In the early hours of Thursday, key equity indices surged, buoyed by a global market upswing and increased investment in Reliance Industries. The 30-share BSE Sensex saw a robust ascent of 341.76 points, reaching 71,999.47 in the initial trading session, while the Nifty recorded an upward movement of 107.8 points, settling at 21,726.50.
Among the top-performing stocks on the Sensex, major gainers included Axis Bank, Bajaj Finserv, Bajaj Finance, Reliance Industries, IndusInd Bank, and NTPC. On the flip side, Infosys, Nestle, Wipro, and HDFC Bank experienced a dip in performance.
Across Asian markets, positive trends were observed in Seoul, Tokyo, Shanghai, and Hong Kong. The positive momentum extended to the US markets, which concluded Wednesday on a high note.
"The commencement of Q3 results today, featuring TCS and Infosys, is poised to offer insights into Nifty earnings for FY24," stated V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
In the global oil sector, Brent crude, a benchmark, registered a 0.39% increase, reaching USD 77.11 per barrel.
Foreign Institutional Investors (FIIs) exhibited a net offload of equities worth Rs 1,721.35 crore on Wednesday, as indicated by exchange data.
The previous trading day concluded with the BSE benchmark advancing 271.50 points, a growth of 0.38%, closing at 71,657.71. Simultaneously, the Nifty made strides, gaining 73.85 points or 0.34%, concluding at 21,618.70.
(With Agency Inputs)
ALSO READ | Sensex Dips Over 500 Points in Recent Market Movement
ALSO READ | Broader market rally cannot continue for long, warn analysts
