On Wednesday, April 12, the equity benchmarks Sensex and Nifty extended their surge for the ninth session in a row, driven by ferocious buying in IT, healthcare, and auto firms amid persistent foreign fund inflows.
Traders claimed that the strengthening rupee and the hopeful start to the European markets helped to further enhance the atmosphere.
Tata Consultancy Servces (TCS) is all set to start the fourth quarter earnings season later in the day. After its findings, the stock’s response will reflect tomorrow’s trading session. Industrial Production information for the inflation rates in February and March is expected to be released after market hours.
To end the day at 60,392.77, the BSE Sensex gained 235.05 points, or 0.39%. It increased by 279.92 points or 0.46% over the day to reach 60,437.64. The NSE Nifty index as a whole closed at 17,812.40, up 90.10 points or 0.51%. Infosys, Tata Motors, HDFC Bank, Asian Paints, Tech Mahindra, HDFC, Tata Consultancy Services, Sun Pharma, and ICICI Bank were among the top-performing Sensex companies. PowerGrid, NTPC, Nestlé, UltraTech Cement, State Bank of India, and ITC were among the laggards, on the other side.
The Sensex increased by 311.21 points on Tuesday, or 0.52%, to settle at 60,157.72. The Nifty gained 98.25 points, or 0.56%, to close at 17,722.30.
Foreign Markets: In Asian markets, Seoul, Japan, and Shanghai ended up, but Hong Kong closed down. Equity markets in Europe were trading higher in the afternoon trade. Tuesday’s overnight trade saw the U.S. markets mostly close down.
The rupee strengthened by 3 paisa on Wednesday, ending the day at 82.09 (provisional) versus the dollar. Brent crude, the standard for all other crude oils, rose by 0.35% to $85.91 a barrel in the meantime.
According to exchange statistics, foreign portfolio investors (FPIs) added to their Tuesday stock purchases by paying a total of 342.84 crore.