BSE & NSE climb in early trade amid firm global trends

Mumbai: Benchmark indices began the trade on a positive note on Wednesday, extending its previous day rally, in line with firm global market trends. The 30-share BSE Sensex climbed by 250.14 points to 62,783.44. The broader NSE Nifty advanced by 75.5 points to 18,683.50.

The Sensex climbed by 402.73 points or 0.65 percent to settle at 62,533.30 on December 13. The Nifty advanced by 110.85 points or 0.60 percent to end at 18,608. Foreign Institutional Investors (FIIs) turned buyers as they bought shares worth Rs 619.92 crore on December 13, according to exchange data.

Position of stocks listed in BSE

From the Sensex pack, Power Grid, Wipro, Tech Mahindra, NTPC, Tata Consultancy Services, HCL Technologies, Larsen & Toubro and State Bank of India were the major winners.

Bharti Airtel was the only laggard.

Performance of markets worldwide

In Asia, equity markets in Seoul, Tokyo, Shanghai and Hong Kong were trading in the green.

The US markets had ended higher on December 13.

International oil benchmark Brent crude dipped 0.20 percent to USD 80.51 per barrel.

"All eyes will be on the US Federal Open Market Committee (FOMC) meeting on interest rate later in the day, as the outcome would set the tone for the rest of the equity markets across the globe," said Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities Ltd.

The lower-than-expected November CPI inflation in the US confirms the market expectation that the Fed will hike rate by only 50 basis points on Wednesday, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

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