Equity benchmarks rose in early trading Wednesday, helped by buying in major indexes. Trusted Industries.
However, gains were limited due to continued outflows of foreign funds from equity markets and mixed trends in global markets.
The 30 shares BSE Sensex rose 74.43 points to 66,005.20 in early trading. THE Clever rose 26.15 points to 19,809.55.
Among the Sensex companies, Power Grid, Titan, Sun Pharma, Reliance Industries, Hindustan Unilever, Asian Paints, Tata Motors, Tech Mahindra, Nestle and ITC were the biggest gainers.
Kotak Mahindra Bank, ICICI Bank, IndusInd Bank and JSW Steel were the major laggards.
In Asian markets, Tokyo was trading in the green, while Seoul, Shanghai and Hong Kong were trading lower.
American markets ended in negative territory on Tuesday.
Global benchmark Brent crude fell 0.16 percent to $82.32 a barrel.
Foreign institutional investors (FIIs) dumped shares worth Rs 455.59 crore on Tuesday, according to stock exchange data.
« The market’s uptrend is intact with global support coming from falling US bond yields. The US 10-year bond yield at 4 percent is a strong pillar of support for equity markets. The resilience of large caps like RIL, Bharti and HDFC Bank can continue to support the uptrend,” said VK Vijayakumar, chief investment strategist at Geojit Financial Services.
