Mumbai: Equity Benchmark Sensex jumped more than 100 points in early trading on Wednesday tracking profits in the Heaxerweights Reliance Industries, ICICI Bank and Axis Bank.
The 30-stock index traded 104.31 points or 0.18 percent higher at 58,001.79 in opening trade.
Similarly, Nifty rose 28.45 points or 0.17 percent to 17,261.70.
The Indusind Bank is the top enhancer in the sensex package, up about 2 percent, followed by Dr.
Reddy’s, ICICI Bank, Sun Pharma, Reliance Industries and Axis Bank.
On the other hand, PowerGrid, NTPC, Tata Steel, HDFC Bank, Nestle India is one slow.
In the previous session, the 30-stock equity benchmark jumped 477.24 points or 0.83 percent ending at 57,897.48, and Nifty rose by 147.20 points or 0.86 percent to 17,233.45.
Foreign Institutional Investors (FIIS) change clean buyers in the capital market, because they buy shares worth Rs 207.31 Crore on Tuesday, according to stock exchange data.
There are two different trends in the government and market response to the Omicron variant, VK Vijayakumar said, the head of investment strategist at Geojit Financial Services.
“The government, globally, responds carefully and imposes several restrictions .
He further said, “The strong positive for the market is that FII has changed the buyer.
It’s good for finance, especially leading banking shares whose assessment is interesting now.
Rising Crude is the highlight of macro wind.” Elsewhere in Asia, the stock exchange in Shanghai, Hong Kong, Seoul and Tokyo traded with losses in the middle session agreement.
The stock market in the US mostly ended with a loss in an overnight session.
Meanwhile, Brent Crude’s international oil benchmark rose 0.06 percent to USD 78.72 per barrel.