Sensex, Nifty climb on buying in Reliance
The Hindu
Mkt indices up on buying in RIL; gains restricted by FII outflows & mixed global trends. Sensex up 74.43 pts to 66,005.20; Nifty up 26.15 pts to 19,809.55. Gains led by Power Grid, Titan, Sun Pharma, Reliance, HUL, Asian Paints, Tata Motors, Tech Mahindra, Nestle & ITC. Kotak Mahindra, ICICI Bank, IndusInd Bank & JSW Steel laggards. Tokyo up, Seoul, Shanghai & Hong Kong lower. U.S. mkt ended in red. Brent crude down 0.16%. Uptrend intact with global support from easing U.S. bond yields. FIIs offloaded equities worth ₹455.59 cr.
Equity benchmark indices climbed in early trade on Wednesday, helped by buying in index major Reliance Industries.
Gains were however restricted amid unabated foreign fund outflows from the equity markets and mixed trends in global markets.
The 30-share BSE Sensex climbed 74.43 points to 66,005.20 in early trade. The Nifty went up by 26.15 points to 19,809.55.
Among the Sensex firms, Power Grid, Titan, Sun Pharma, Reliance Industries, Hindustan Unilever, Asian Paints, Tata Motors, Tech Mahindra, Nestle and ITC were the biggest gainers.
Kotak Mahindra Bank, ICICI Bank, IndusInd Bank and JSW Steel were the major laggards.
In Asian markets, Tokyo traded in the green, while Seoul, Shanghai and Hong Kong quoted lower.
The U.S. markets ended in negative territory on Tuesday.
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