Explorer

Stock Market: Sensex Rises Over 300 Points, Nifty Tops 17,550. HDFC Twins Lead

Stock update: HDFC, HDFC Bank, Power Grid, Larsen & Toubro, Titan, Axis Bank, Mahindra & Mahindra, NTPC, and UltraTech Cement were the prominent winners in early trade on the Sensex platform

Sensex and Nifty, the two key equity benchmarks, on Wednesday opened in the green amid mixed global cues. The domestic indices made a firm start rallying for the fourth day running, helped by buying in HDFC twins.

The BSE Sensex climbed 336 points to 59,297 in early trade, while the broader NSE Nifty advanced 88 points to 17,575.

On the 30-share Sensex platform, HDFC, HDFC Bank, Power Grid, Larsen & Toubro, Titan, Axis Bank, Mahindra & Mahindra, NTPC, and UltraTech Cement were the prominent winners in early trade. On the flip side, HCL Technologies, State Bank of India, Infosys, Sun Pharma, Bajaj Finserv were among the losers.

In the broader markets, Nifty MidCap 100 and Nifty SmallCap 100 advanced up to 0.3 per cent. Volatility gauge, India VIX, meanwhile, slipped over 1 per cent.

Sectorwise, Nifty FMCG, Nifty Realty, and Nifty Bank indices led the charge as they surged up to 0.4 per cent. However, Nifty IT, Nifty Pharma, and Nifty Metal indices declined in the range of 0.2-0.5 per cent.

The sentiment of the 30-share Sensex platform was positive as 19 scrips were advancing while 11 were declining.

In the previous session on Tuesday, the BSE benchmark jumped 549 points (0.94 per cent) to settle at 58,960, while the Nifty surged 175 points (1.01 per cent) to end at 17,486.

Among other Asian markets, Seoul and Tokyo traded in the green, while Shanghai and Hong Kong quoted lower. Wall Street ended higher on Tuesday.

There are two factors supporting the ongoing rally in the market - support from the mother market US aided by some excellent quarterly results and FII selling getting completely overwhelmed by DII (Domestic Institutional Investors) buying, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

"Good Q2 results are imparting resilience in segments like IT and financials. The festive mood is another positive," Vijayakumar added.

International oil benchmark Brent crude was trading 0.59 per cent higher at $90.56 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market on Tuesday as they offloaded shares worth Rs 153.40 crore, as per exchange data.

View More
Advertisement

IPL Auction 2025

Most Expensive Players In The Squad
Virat Kohli
₹21 CR
Josh Hazlewood
₹12.50 CR
Phil Salt
₹11.50 CR
View all
Most Expensive Players In The Squad
Rishabh Pant
₹27 CR
Nicholas Pooran
₹21 CR
Ravi Bishnoi
₹11 CR
View all
Most Expensive Players In The Squad
Jasprit Bumrah
₹18 CR
Suryakumar Yadav
₹16.35 CR
Hardik Pandya
₹16.35 CR
View all
Most Expensive Players In The Squad
Heinrich Klaasen
₹23 CR
Pat Cummins
₹18 CR
Abhishek Sharma
₹14 CR
View all
Most Expensive Players In The Squad
Ruturaj Gaikwad
₹18 CR
Ravindra Jadeja
₹18 CR
Matheesha Pathirana
₹13 CR
View all
Most Expensive Players In The Squad
Shreyas Iyer
₹26.75 CR
Arshdeep Singh
₹18 CR
Yuzvendra Chahal
₹18 CR
View all
Most Expensive Players In The Squad
Sanju Samson
₹18 CR
Yashaswi Jaiswal
₹18 CR
Riyan Parag
₹14 CR
View all
Most Expensive Players In The Squad
Venkatesh Iyer
₹23.75 CR
Rinku Singh
₹13 CR
Varun Chakaravarthy
₹12 CR
View all
Most Expensive Players In The Squad
Rashid Khan
₹18 CR
Shubman Gill
₹16.50 CR
Jos Buttler
₹15.75 CR
View all
Most Expensive Players In The Squad
Axar Patel
₹16.50 CR
KL Rahul
₹14 CR
Kuldeep Yadav
₹13.25 CR
View all
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

Shiv Sena Leaders Met Ajit Pawar's NCP Faction To Seek Support For Eknath Shinde For CM's Chair
Shiv Sena Leaders Met Ajit Pawar's NCP Faction To Seek Support For Eknath Shinde For CM's Chair
'No Solution To Ukraine War From Battlefield': EAM Jaishankar Reiterates India's Call For Diplomacy
'No Solution To Ukraine War From Battlefield': EAM Jaishankar Reiterates India's Call For Diplomacy
'Came Here For Blessings': Jharkhand CM-Designate Hemant Soren On Meeting Amit Shah, PM Modi
'Came Here For Blessings': Jharkhand CM-Designate Hemant Soren On Meeting Amit Shah, PM Modi
'EVMs Tampered When They Lose Not When They Win': SC On Politicians Questioning EVMs
'EVMs Tampered When They Lose Not When They Win': SC On Politicians Questioning EVMs
Advertisement
ABP Premium

Videos

FIR Filed Against Sambhal MP Ziaur Rahman, Statement Released Amidst ControversyFIR Filed Against Sambhal MP Ziaur Rahman and Local MLA's Son in Controversial CaseSambhal Violence Sparks Political Firestorm, Congress MP Imran Masood's Strong Remarks | ABP NewsBreaking News: SP Leader Ram Gopal Yadav Reacts to Sambhal Violence | ABP News

Photo Gallery

Embed widget