Sensex Rises Over 500 Points, Nifty Trades At 17,422 Amid Positive Global Cues

New Delhi: The key Indian equity benchmarks, Sensex and Nifty, on Wednesday started trading on a positive note amid buying across all sectors and the Asian markets were also in the green.

At 10 am, the BSE Sensex was up 525 points to 58,333, while the NSE Nifty was at 17,422, up 155 points.

On the Sensex platform, Bajaj Finserv, Tech M, Wipro, Infosys, Maruti, Titan, HCL Tech, Asian Paints, HDFC Bank, and IndusInd Bank were the top gainers, trading up to 2 per cent higher. IOC, Hindalco, and ONGC were the additional top Nifty gainers.

On the flip side, Sun Pharma, Bharti Airtel, NTPC, and Nestle were the prominent losers on the bourses, down up to 0.3 per cent.

In the broader markets, the BSE Midcap and Smallcap indices were also in the positive territory, up 0.9 per cent each.

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At 9.34 a.m., Sensex traded at 58,318 points, up 0.9 per cent or 510 points from the previous close of 57,809 points. It opened at 58,163 points. #Nifty50 traded at 17,415 points, up 0.9 per cent or 148 points from the previous close of 17,267 points. It opened at 17,370 points.

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- IANS (@IANS) 9 Feb 2022

In the previous session, the 30-share BSE Sensex closed 187.39 points higher at 57,808.58. Similarly, the broader NSE Nifty climbed 53.15 points to 17,266.75.

“Stocks in Asia rose on Wednesday, and a selloff in sovereign bonds paused, bringing some relief for markets from the concerns about tightening monetary policy that has whipsawed assets this year,” Deepak Jasani, Head of Retail Research, HDFC Securities, told PTI.

Elsewhere in Asia, bourses in Tokyo, Hong Kong, Shanghai and Seoul were trading with gains in mid-session deals.

Asian shares advanced with tech stocks particularly catching a lift following a strong session on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan added 1 per cent to its highest in two weeks, helped by a 3 per cent gain in Hong Kong-listed tech stocks. Japan's Nikkei gained 0.9 per cent.

Stock exchanges in the US finished with gains in the overnight session.

Meanwhile, international oil benchmark Brent crude rose 0.20 per cent to $90.96 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 1,967.89 crore on Tuesday, according to stock exchange data.