Sensex highs 200 points and Nifty raised by 10,500
On Wednesday the benchmark Sensex increased by 200 points. While on previous trade Reliance Industries and ITC amid sustained foreign fund inflows.
The 30 per cent share BSE index ended by 35,679.74 points, while the National Stock Exchange Nifty rose to 56.45 points or 0.54 per cent to 10,527.45.
In Sensex pack, the top gainer was Asian Paints around 4 per cent, along with ITC, Bajaj Auto, Bajaj Finance, NTPC and Titan.
While on the other hand, HCL Tech, IndusInd Bank, PowerGrid and Infosys were among the lowest.
In the previous session, the Bombay Stock Exchange barometer lump at 519.11 points, or 1.49 per cent, to close at 35,430.43; while the NSE Nifty soared 159.80 points, or 1.55 per cent, to end at 10,471.
On Tuesday, provisional exchange data showed a net basis, foreign institutional investors bought equities worth Rs 168.96 crore in the capital market.
According to business analysts, news of disengagement between India and China has assist participants, after days of heated arguments.
The business analyst further says that positive sentiment in global markets and inexhaustible foreign fund inflows also supported domestic equities.
On the global front, the Stock market in Shanghai and Seoul were trading with profits in early deals, while those in Hong Kong and Tokyo were in the loss.
Stock exchanges on Wall Street ended on a profit in the overnight session.
International oil benchmark Brent crude ahead fell 0.52 per cent to $42.41 per barrel. Whereas markets in Japan and Australia have opened lower in early trade with the Topix Index falling over 1%.Markets in Hong Kong and China are shut down on account of a holiday.
This is also affected by pandemic Coronavirus. According to the latest data of health ministry in India, the total number of Corona cases reached to 456183 while fatalities rate is 14476.
Globally Covid-19 cases reached at 9,527,765 whereas the death rate is 484,972.