Fluctuations in global markets in early trading, know the condition of Sensex and Nifty – Dainik Savera Times
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Mumbai: Local stock markets opened with gains on Wednesday amid strong trend of global markets and continuous inflow of foreign funds. The market also got support from heavy buying in ITC shares. BSE’s 30-share Sensex rose 384.79 points to 74,052.75 in early trade.
National Stock Exchange’s Nifty was trading at 22,446.75 points with a gain of 111.05 points. ITC’s shares rose by more than six percent among Sensex companies. British multinational company BAT PLC on Tuesday acquired ITC Ltd. It has announced to sell 3.5 percent stake in bulk deal to institutional investors.
Shares of Wipro, Nestle, ICICI Bank, Tata Consultancy Services, HCL Technologies, HDFC Bank, Infosys and Kotak Mahindra Bank were also among the gainers. Whereas shares of Power Grid, NTPC, Tata Steel and Axis Bank were trading in loss. In other Asian markets, South Korea’s Kospi and Hong Kong’s Hang Seng gained,
While Japan’s Nikkei and China’s Shanghai Composite were in loss. American markets closed with gains on Tuesday. According to stock market data, foreign institutional investors (FIIs) had bought shares worth Rs 73.12 crore on Tuesday. Global oil benchmark Brent crude was up 0.50 percent at US $ 82.33 per barrel.
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