Stock market today:
Nifty50 and
BSE Sensex, the Indian equity benchmark indices, surged in trade on Wednesday, led by gains in IT shares and continuous buying by domestic institutional investors amidst optimistic prospects for an India-US trade agreement.
The NSE Nifty gained 142.60 points, or 0.55 per cent, finishing at 26,052.65. The BSE Sensex advanced by 513.45 points, or 0.61 per cent, closing at 85,186.47. The index reached a high of 85,236.77 during trading, up by 563.75 points or 0.66 per cent.
Among Sensex constituents, HCL Tech, Infosys, Tata Consultancy Services, Hindustan Unilever, Sun Pharma and Titan emerged as top gainers. However, Tata Motors Passenger Vehicles, Maruti, Adani Ports and Bajaj Finance were top losers.
Commerce and Industry Minister Piyush Goyal stated on Tuesday "you will hear good news" regarding the proposed India-US trade agreement once terms are fair, equitable and balanced.
Asian markets showed mixed performance, with South Korea's Kospi, Japan's Nikkei 225 and Hong Kong's Hang Seng closing lower, whilst Shanghai's SSE Composite finished positively.
European markets displayed weakness during mid-session trading. American markets closed in red on Tuesday.
FIIs sold equities worth Rs 728.82 crore on Tuesday, whilst DIIs purchased shares valued at Rs 6,156.83 crore, as per exchange records.
Global oil benchmark Brent crude decreased 0.39 per cent to USD 64.64 per barrel.
On Tuesday, the Sensex fell 277.93 points or 0.33 per cent to 84,673.02, whilst Nifty declined 103.40 points or 0.40 per cent to 25,910.05.
(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
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