Sensex crosses 44,000 mark in opening trade; Nifty tests 12,900

- Advertisement -

Elsewhere in Asia, bourses in Shanghai, Hong Kong and Seoul were trading higher in mid-session deals, while Tokyo was in the red.

Equity benchmark Sensex crossed the 44,000 mark for the first time in early trade on Wednesday, tracking gains in financial stocks amid largely positive cues from other Asian markets and persistent foreign fund inflow.

After touching its lifetime intra-day high of 44,051.66, the 30-share BSE index was trading 55.15 points or 0.13% higher at 44,007.86.

Similarly, the broader NSE Nifty advanced 19.10 points or 0.15% to 12,893.30.

PowerGrid was the top gainer in the Sensex pack, rising over 1%, followed by SBI, M&M, L&T, IndusInd Bank, ICICI Bank, Bajaj Finance and ONGC.

On the other hand, HUL, Titan, Tech Mahindra, Nestle India and TCS were among the losers.

In the previous session, BSE Sensex settled 314.73 points or 0.72% higher at its new closing record of 43,952.71. Nifty too finished 93.95 points or 0.74% up at its lifetime peak of 12,874.20.

Foreign institutional investors remained net buyers in the capital market as they purchased shares worth ₹ 4,905.35 crore on Tuesday, according to provisional exchange data.

“Domestic markets look to be flat amid mixed global trends. However, Nifty is poised to touch the psychological 13,000 mark shortly as underlying strength remains intact, ”said Arjun Yash Mahajan, Head Institutional Business at Reliance Securities.

Improved prospects of corporate earnings will continue to aid mid-cap and small-cap stocks to outperform large caps in the near term and rotational trade is also expected to remain visible, he noted.

The Supreme Court’s hearing on interest on loan moratorium is scheduled for later in the day, which may have an impact on bank stocks, Mr. Mahajan added.

Elsewhere in Asia, bourses in Shanghai, Hong Kong and Seoul were trading higher in mid-session deals, while Tokyo was in the red.

Bourses in the US ended on a negative note in overnight sessions.

Meanwhile, Brent crude futures, the global oil benchmark, were trading flat at $ 43.75 per barrel.

.

Disclaimer: This post has not been edited by our staff and is published from a syndicated feed. The Original Source of this post can be found at Source link

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest

Push for problem-based learning method in engineering courses

Experts in the field of education have suggested that the State government consider using the problem-based learning (PBL) method...

Madhuri Dixit, Jaaved Jaaferi relive their 100 Days experience on Dance...

Jaaved Jaaferi and Naved Jafri are all set to grace the upcoming episode of Dance Deewane 3. The brothers will join judges Madhuri Dixit,...

Antonio Guterres re-elected as UN Secretary General for second five-year term

UN General Assembly on Friday appointed Antonio Guterres as the UN Secretary General for a second term beginning January 1, 2022, days after the...

Third wave could hit India by October: experts

Will be better controlled; vaccination key, says survey of 40 healthcare specialists A third wave of coronavirus infections is likely to hit India by...

Rule of land supreme, not your policy: Parliamentary panel on information...

Twitter and the central government have been at loggerheads over several issues for the last few months. Amid a tussle between the Union government and...
- Advertisement -

More Articles

- Advertisement -