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Benchmark Sensex gains 346 points on firm trends in global markets

Sensex,

In light of fresh foreign fund inflows and a firm trend in global markets, the benchmark Sensex gained 346 points and the Nifty closed close to the 17,100 level on Wednesday.

 

The upward momentum was also bolstered by purchases of auto stocks, services, real estate, and commodities.

 

At 57,960.09, the 30-share BSE Sensex finished 346.37 points, or 0.60 percent, higher. It gained 510.48 points, or 0.88 percent, to 58,124.20 during the day. The larger NSE Nifty gained 0.76 percent, or 129 points, to finish at 17,080.70.

HCL Technologies, Tata Motors, Hindustan Unilever, NTPC, IndusInd Bank, Bajaj Finserv, Bajaj Finance, and Mahindra & Mahindra were among the Sensex companies that experienced significant gains. The laggards included Bharti Airtel, Reliance Industries, ICICI Bank, and Asian Paints. Seoul, Japan, and Hong Kong all finished in the green, while Shanghai ended in the red.

 

During afternoon trading, European markets were in the positive zone. On Tuesday, the US market closed down.

 

In the meantime, the benchmark for global oil, Brent crude, increased by 0.38% to USD 78.95 per barrel.

 

According to exchange data, foreign portfolio investors were net buyers of shares on Wednesday, purchasing shares worth Rs 1,245.39 crore.

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first published: March 30 2023 | 12:37 am First

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