Benchmark equity indices Sensex and Nifty rallied for the third consecutive day on Wednesday, March 30, 2022, with the BSE barometer jumping nearly 479 points in early trade, fueled by buying in HDFC twins and ICICI Bank as well as favorable trends globally. got help. equity in progress Russia-Ukraine peace talks,
The 30-share BSE barometer was trading 478.76 points higher at 58,422.41.
Similarly, the broader NSE Nifty jumped 142.85 points to 17,468.15.
UltraTech Cement, Bajaj Finance, Bharti Airtel, Asian Paints, HDFC, IndusInd Bank, Bajaj Finserv and ICICI Bank were the top gainers in the 30 stocks in early trade.
On the other hand, Tata Steel, Tech Mahindra, Sun Pharma, Dr Reddy’s, NTPC and Titan were the laggards.
In the previous trade, the BSE benchmark had jumped 350.16 points or 0.61 per cent to end at 57,943.65. The NSE Nifty closed at 17,325.30, up 103.30 points or 0.60 per cent.
Elsewhere in Asia, Seoul, Shanghai and Hong Kong were trading in the green, while Tokyo quoted lower mid-session deals.
Stock exchanges in the US closed with gains on Tuesday.
Meanwhile, international oil benchmark Brent crude jumped 0.66 per cent to $111.03 a barrel.
FII net buyer
Foreign institutional investors (FIIs) bought shares worth ₹35.47 crore on Tuesday as they became buyers, according to stock exchange data.
“US equities extended gains and Russia-Ukraine peace talks restored optimism among investors. The Dow Jones Industrial Average rose 1 per cent. The S&P 500 index jumped 1.2 per cent, while the tech-heavy Nasdaq Composite rose 1.8 per cent,” said Reliance Securities. Head of Research Mitul Shah said.