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Sensex raised by 50 points an Nifty ups by 11,500

On Wednesday due to amid concerns over India-China border tensions domestic equity benchmarks Sensex and Nifty started on a muted.

After opening on a choppy note, the BSE Sensex was at 58.69 points or 0.15 per cent higher at 38,959.49; whereas NSE Nifty was up 22.95 points or 0.20 per cent at 11,493.20.

While the top gainer in sensex pack was UltraTech Cement increased around 2 per cent, along with Infosys, Tech Mahindra, ITC Tata Steel, Reliance Industries and ONGC.

On the other hand, SBI, Bajaj Auto, HDFC, Kotak Bank and Titan were at low.

If we talk about the previous session, so Sensex settled at 272.51 points i.e 0.71 per cent higher at 38,900.80, but Nifty raised by 82.75 points or 0.73 per cent to settle at 11,470.25.

On Tuesday the foreign institutional investors bought equities worth Rs 486.09 crore on a net basis according to exchange data.
On the other hand, PSU banking, information technology and private banking stocks witnessed some High pressure.
China fresh attempt to change the status quo in the south bank area of Pangong lake in eastern Ladakh is in complete disregard to the understandings reached between the two countries said India on Tuesday.

Many traders said that the Further, weak indication from other Asian markets also kept investors cautious. Bourses in Shanghai, Hong Kong and Seoul were in High alert at the mid-day deals, whereas Tokyo was trading with gains.

Wall Street stock exchanges ended on a positive note in overnight session. Global oil benchmark Brent crude was trading 0.75 per cent higher than USD 45.92 per barrel.

Shares of Gautam Adani-led Adani Group companies were in focus with Adani Green Energy, Adani Gas and Adani Enterprises rallying up to 10 per cent on the BSE in the intra-day trade.

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