Sensex, Nifty jump on rally in global markets
The Hindu
Mumbai equity indices jump in early trade on global rally; JSW Steel, Tech Mahindra, Tata Steel, Infosys, Wipro, TCS, HCL Tech, Axis Bank gain. U.S. inflation data a game changer; Fed done with rate hikes, timeline for rate cuts in 2024 likely to be advanced.
Benchmark equity indices jumped in early trade on Wednesday amid a rally in global markets on favourable U.S. inflation data.
The 30-share BSE Sensex jumped 645.08 points to 65,578.95 in early trade. The Nifty climbed 209.8 points to 19,653.35.
Among the Sensex firms, JSW Steel, Tech Mahindra, Tata Steel, Infosys, Wipro, Tata Consultancy Services, HCL Technologies and Axis Bank were the major gainers.
Power Grid, Nestle, Mahindra & Mahindra and Asian Paints were the laggards.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the positive territory.
The U.S. markets ended with significant gains on Tuesday.
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