The BSE index rose 199.01 points, or 0.4 per cent, to 49,400.40 and the NSE Nifty rose 68.90 points, or 0.47 per cent, to 14,752.40.
Mumbai: The equity benchmark Sensex jumped nearly 00 points on Wednesday before looking at the results of the Reserve Bank of India’s monetary policy index heavyweight Reliance Industries, Bharti Airtel and SBI.
The 30-share BSE index rose 199.01 points, or 0.4 per cent, to 49,400.40 and the NSE Nifty rose 68.90 points, or 0.47 per cent, to 14,752.40.
Reliance Industries topped the Sensex pack by over 2 per cent, followed by Bharti Airtel, Powergrid, Ultratech Cement, Dr Reddy’s, Indusind Bank and ONGC. On the other hand, TCS Tech Mahindra, Kotak Bank and HDFC were lagging behind.
The Sensex had gained 42.07 points, or 0.09 per cent, in the previous session, to 49,201.39 and 45.70 points, or 0.31 per cent to 14,683.50 for the Nifty. Foreign institutional investors (FIIs) were net sellers in the capital market on Tuesday, closing at Rs 1,092.75 crore on Tuesday, according to exchange data.
According to traders, domestic investors are waiting day after day for the results of the RBI’s policy. VH Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said, “There is a combination of good news and bad news these days to push and pull the market.
U.S. ten-year bonds have continued to rise from 1.75 percent to 1.66 percent and the dollar index is clearly positive from 93 to 92 $ 92.3 and now the IMF has projected 12.5 percent of GDP growth for India for the fiscal year. He noted that FDI is growing smartly. However, these positives are largely negative – inhibit growth COVID-19 He said, there are such cases in the country.
Elsewhere in Asia, bowers from Shanghai and Hong Kong traded on negative notes in mid-season contracts, and Seoul and Tokyo were in positive territory. Stock exchanges on Wall Street also ended trading overnight.
Meanwhile, global oil benchmark Brent crude rose 0.33 percent to bar 62.95 a barrel.