Mumbai: Benchmark equity indices climbed in early trade on Wednesday, tracking the rally in global markets and fresh foreign fund inflows. Rising for the fourth straight session, the 30-share BSE Sensex climbed by 235.1 points to reach 63,027.98. The NSE Nifty advanced 77.05 points to reach 18,676.05.
The Sensex eked out marginal gains of 5.41 points or 0.01 percent to settle at 62,792.88 on Tuesday. The Nifty went up by 5.15 points or 0.03 percent to end at 18,599. Foreign Institutional Investors (FIIs) bought equities worth Rs 385.71 crore on Tuesday, according to exchange data.
From the Sensex pack, Nestle, Power Grid, Larsen & Toubro, Axis Bank, Hindustan Unilever, Infosys, UltraTech Cement, Wipro, IndusInd Bank, and Tata Consultancy Services were the major gainers. HCL Technologies, Kotak Mahindra Bank, Tata Motors, and Mahindra & Mahindra were among the laggards.
In Asian markets, Seoul, Shanghai, and Hong Kong were trading in the green, while Tokyo quoted lower. The US markets ended in positive territory on Tuesday. Global oil benchmark Brent crude dipped 0.42 percent to USD 75.97 a barrel. The Reserve Bank's rate-setting monetary policy panel began deliberations on Tuesday and the decision would be announced on June 8.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)