In Asia, markets in Tokyo, Shanghai and Hong Kong closed higher, while Seoul ended lower
In Asia, markets in Tokyo, Shanghai and Hong Kong closed higher, while Seoul ended lower
Equity benchmarks maintained their winning streak on Wednesday as the Sensex ended above the crucial 60,000 mark amid continued foreign fund inflows.
The 30-share BSE index jumped 417.92 points, or 0.70%, to end at 60,260.13. During the day, it climbed 481.04 points to reach 60,323.25.
The broader NSE Nifty closed 119 points or 0.67% higher at 17,944.25.
Bajaj Finserv, Bajaj Finance, Bharti Airtel, Tech Mahindra, HCL Technologies, NTPC, Wipro and Hindustan Unilever were the biggest gainers from the Sensex pack.
On the other hand, Mahindra & Mahindra, Maruti, UltraTech Cement and Power Grid lagged behind.
“The continued participation of FIIs is the backbone of the current rally in the domestic market. This reversal in FII trend is due to the resilience displayed by the Indian economy, even as inflation continues in the western markets.
Vinod Nair, Head of Research, Geojit Financial Services, said, “The fall in commodity and oil prices has also instilled confidence among foreign investors.
In Asia, markets in Tokyo, Shanghai and Hong Kong closed higher, while Seoul ended lower.
Equities in Europe were trading lower during mid-session deals. US markets mostly closed on Tuesday.
Meanwhile, international oil benchmark Brent crude fell 0.13% to $92.22 a barrel.
Foreign institutional investors (FIIs) remained net buyers in the Indian capital market on Tuesday, buying shares worth Rs 1,376.84 crore, according to exchange data.