Sensex collects 479 points in early trading


Benchmark stock indices Sensex and Nifty rallied for the third straight day on Wednesday, March 30, 2022, with the BSE barometer jumping nearly 479 points in early trade, prompted by purchases of HDFC twins and ICICI Bank as well Supported by favorable global trends, equities amid progress in Russia-Ukraine peace talks.

The 30-stock BSE barometer traded 478.76 points higher at 58,422.41.

Similarly, the broader NSE Nifty rose 142.85 points to 17,468.15.

Among the 30 stocks, UltraTech Cement, Bajaj Finance, Bharti Airtel, Asian Paints, HDFC, IndusInd Bank, Bajaj Finserv and ICICI Bank were among the leading gainers in early trading.

On the other side were Tata Steel, Tech Mahindra, Sun Pharma, Dr. Reddy’s, NTPC and Titan are the laggards.

In previous trade, the BSE benchmark was up 350.16 points, or 0.61 percent, to trade at 57,943.65. The NSE Nifty gained 103.30 points, or 0.60 percent, to trade at 17,325.30.

Elsewhere in Asia, Seoul, Shanghai and Hong Kong traded in the green, while Tokyo traded lower during mid-trade.

Stock exchanges in the US closed with gains on Tuesday.

Meanwhile, international benchmark Brent oil rose 0.66 percent to $111.03 a barrel.

FII’s net buyers

Foreign institutional investors (FIIs) turned buyers as they bought shares worth 35.47 crore on Tuesday, according to stock market data.

“US stocks extended gains and closed higher as Russia-Ukraine peace talks reignited investor optimism. The Dow Jones Industrial Average rose 1 percent. The S&P 500 Index was up 1.2 percent, while the tech-heavy Nasdaq Composite was up 1.8 percent,” said Mitul Shah, director of research at Reliance Securities.

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