Sensex, Nifty Rise on Global Market Strength - India Business News
By Rediff Money Desk, MUMBAI Apr 24, 2024 09:56
Sensex and Nifty climbed for the fourth straight day on Wednesday, buoyed by positive global market trends. Tata Steel, JSW Steel, and HDFC Bank led gains.
![Sensex, Nifty Rise on Global Market Strength - India Business News](https://im.rediff.com/money/2021/jan/11sensex.jpg)
Photograph: Utpal Sarkar / ANI Photo.
Mumbai, Apr 24 (PTI) Equity benchmark indices Sensex and Nifty climbed in early trade on Wednesday, taking their winning momentum to the fourth day running, amid a rally in global markets.
The 30-share BSE Sensex climbed 242.49 points to 73,980.94 in early trade. The NSE Nifty advanced 63 points to 22,431.
From the Sensex basket, Tata Steel, JSW Steel, Nestle, UltraTech Cement, Tata Motors and HDFC Bank were the major gainers.
IndusInd Bank, Hindustan Unilever, Titan and ICICI Bank were the laggards.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the positive territory.
Wall Street ended with gains on Tuesday.
"The ability of bull markets to climb all walls of worries is being demonstrated by the ongoing bull market, which has shrugged off all headwinds, be it geopolitical or economic. The Middle East tensions had only a temporary impact on the market," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Global oil benchmark Brent crude climbed marginally by 0.02 per cent to USD 88.44 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,044.54 crore on Tuesday, according to exchange data.
The BSE benchmark ended 89.83 points or 0.12 per cent higher at 73,738.45 on Tuesday. Trimming most of its early gains, the NSE Nifty ended 31.60 points or 0.14 per cent up at 22,368.
The 30-share BSE Sensex climbed 242.49 points to 73,980.94 in early trade. The NSE Nifty advanced 63 points to 22,431.
From the Sensex basket, Tata Steel, JSW Steel, Nestle, UltraTech Cement, Tata Motors and HDFC Bank were the major gainers.
IndusInd Bank, Hindustan Unilever, Titan and ICICI Bank were the laggards.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the positive territory.
Wall Street ended with gains on Tuesday.
"The ability of bull markets to climb all walls of worries is being demonstrated by the ongoing bull market, which has shrugged off all headwinds, be it geopolitical or economic. The Middle East tensions had only a temporary impact on the market," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Global oil benchmark Brent crude climbed marginally by 0.02 per cent to USD 88.44 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,044.54 crore on Tuesday, according to exchange data.
The BSE benchmark ended 89.83 points or 0.12 per cent higher at 73,738.45 on Tuesday. Trimming most of its early gains, the NSE Nifty ended 31.60 points or 0.14 per cent up at 22,368.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Navi Mumbai...](https://im.rediff.com/80-80/money/2021/jun/10navi-mumbai-airport7.jpg)
Navi Mumbai Airport ILS Signal Testing Begins
The Airports Authority of India (AAI) has begun ILS signal testing at the...
![Air India VRS for...](https://im.rediff.com/80-80/money/2020/sep/09tata-vistara-3.jpg)
Air India VRS for Non-Flying Staff Ahead of...
Air India has announced a voluntary retirement scheme (VRS) and voluntary separation...
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...