In Asia, markets in Tokyo, Hong Kong, Shanghai and Seoul traded in the green.
In Asia, markets in Tokyo, Hong Kong, Shanghai and Seoul traded in the green.
Equity benchmark indices rallied on Wednesday, with the Sensex jumping above 190 points in early trade, tracking the recovery in global markets.
The 30-piece BSE Sensex traded 190.34 points higher at 54,555.19. The NSE Nifty rose 65.55 points to 16,305.60 on early deals.
Among Sensex firms, the standout early trade winners were Bharti Airtel, Tech Mahindra, Power Grid, Tata Steel, HDFC and M&M.
In contrast, Asian Paints, Hindustan Unilever, Larsen & Toubro and IndusInd Bank were among the laggards.
Elsewhere in Asia, markets in Tokyo, Hong Kong, Shanghai and Seoul traded in the green.
US stock markets mostly closed higher on Tuesday.
“Major US equity benchmarks ended Tuesday on a mixed note, with the Dow Jones Industrial Average posting a fourth straight day of losses on the eve of key inflation data. The S&P 500 and Nasdaq closed higher Tuesday,” said Deepak Jasani, head of retail research, HDFC Securities.
Meanwhile, the international oil benchmark Brent rose 1.64 percent to 104.14 a barrel.
Foreign institutional investors continued to sell £3,960.59 billion worth of shares, according to stock market data on Tuesday.
The BSE benchmark was down 105.82 points, or 0.19 percent, at 54,364.85 on Tuesday. The Nifty fell 61.80 points, or 0.38 percent, to end at 16,240.05.
Mohit Nigam, Head – PMS, Hem Securities said market direction is very unpredictable and difficult to predict.
“Indian markets are extremely volatile due to FII selling, Fed and RBI rate hikes, rising inflation and ongoing geopolitical tensions between Russia and Ukraine. Positive geopolitical developments, as well as stronger than expected critical macroeconomic data, may help turn the tide and entice investors to return to the equity market,” he added.
