Mumbai: Benchmark equity indices rose in early trade on Wednesday amid buying in blue-chip stocks Reliance Industries and Tata Consultancy Services.
In early trade, the 30-share BSE Sensex rose 252.62 points to 76,709.21. NSE Nifty rose 82.25 points to 23,347.10.
Among the 30 Sensex companies, HCL Technologies, Tech Mahindra, Wipro, Power Grid, Tata Motors, Tata Steel, Tata Consultancy Services and Reliance Industries were the major gainers.
Titan, Asian Paints, IndusInd Bank and Hindustan Unilever were among the laggards.
In Asian markets, Seoul was trading in positive territory while Tokyo, Shanghai and Hong Kong witnessed losses.
On Tuesday, US markets closed mostly on the rise.
VK Vijayakumar said, “The 32 per cent fall in India VIX during the last 5 days indicates that the days of heavy volatility are over and the market has entered a consolidation phase. From now on the focus will be on fundamentals and news. Will be on the flow." Chief Investment Strategist, Geojit Financial Services.
Tonight's US inflation data and Fed policy outcomes will influence the direction of global equity markets, he said.
Global oil benchmark Brent crude rose 0.42 percent to US$82.26 per barrel.
According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 111.04 crore on Tuesday.
On Tuesday, the BSE benchmark closed at 76,456.59, down 33.49 points or 0.04 per cent. In volatile trade, Nifty closed at 23,264.85 with a marginal gain of 5.65 points or 0.02 per cent.
In early trade, the 30-share BSE Sensex rose 252.62 points to 76,709.21. NSE Nifty rose 82.25 points to 23,347.10.
Among the 30 Sensex companies, HCL Technologies, Tech Mahindra, Wipro, Power Grid, Tata Motors, Tata Steel, Tata Consultancy Services and Reliance Industries were the major gainers.
Titan, Asian Paints, IndusInd Bank and Hindustan Unilever were among the laggards.
In Asian markets, Seoul was trading in positive territory while Tokyo, Shanghai and Hong Kong witnessed losses.
On Tuesday, US markets closed mostly on the rise.
VK Vijayakumar said, “The 32 per cent fall in India VIX during the last 5 days indicates that the days of heavy volatility are over and the market has entered a consolidation phase. From now on the focus will be on fundamentals and news. Will be on the flow." Chief Investment Strategist, Geojit Financial Services.
Tonight's US inflation data and Fed policy outcomes will influence the direction of global equity markets, he said.
Global oil benchmark Brent crude rose 0.42 percent to US$82.26 per barrel.
According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 111.04 crore on Tuesday.
On Tuesday, the BSE benchmark closed at 76,456.59, down 33.49 points or 0.04 per cent. In volatile trade, Nifty closed at 23,264.85 with a marginal gain of 5.65 points or 0.02 per cent.
