Equity benchmark indices maintained their profitable run for the fourth day running on Wednesday, December 27, 2023, helped by optimism over the nation’s macroeconomic fundamentals and agency world market traits.
The 30-share BSE Sensex jumped 289.93 factors to 71,626.73 in early commerce. The Nifty climbed 90.45 factors to 21,531.80.
Among the Sensex corporations, UltraTech Cement, Bajaj Finance, Bajaj Finserv, Tata Motors, Larsen & Toubro and Power Grid had been the foremost gainers.
Asian Paints, NTPC, Maruti and Hindustan Unilever had been among the many laggards.
In Asian markets, Tokyo, Shanghai and Hong Kong quoted with features whereas Seoul traded decrease.
The US markets ended within the inexperienced on Tuesday.
“The resilience of the market even in the holiday season, which is normally devoid of much action, is an indication of its underlying bullishness. The global support to the market from the mother market US where the S&P 500 is close to all-time high is significant,” mentioned V.Ok.Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Global oil benchmark Brent crude declined 0.07 per cent to USD 81.01 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities value ₹95.20 crore on Tuesday, in accordance to alternate information.
The BSE benchmark climbed 229.84 factors or 0.32 per cent to settle at 71,336.80 on Tuesday. The Nifty superior 91.95 factors or 0.43 per cent to 21,441.35.