Sensex Jumps 300 Points, Nifty Tops 23,300; Reliance, ICICI Bank Lead
Indian equity benchmarks opened higher on Wednesday, driven by gains in blue‑chip stocks and easing crude oil prices.
The 30‑share BSE Sensex surged 303.73 points to 74,222.49, while the NSE Nifty advanced 85.40 points to 23,327.50 in early trade. Reliance Industries, ICICI Bank, Hindustan Unilever, Kotak Mahindra Bank, Asian Paints, and Trent were among the top performers. Tata Steel, Eternal Ltd, Adani Ports, and Tech Mahindra lagged.
Brent crude traded near USD 91.90 per barrel, providing relief to inflation concerns. Analysts noted that despite geopolitical tensions in West Asia, crude prices remain below USD 93, signaling limited market impact.
Global cues were mixed, with Asian indices including Kospi, Nikkei, SSE Composite, and Hang Seng trading lower, while US markets closed mostly down on Tuesday.
Foreign Institutional Investors (FIIs) sold equities worth ₹4,566 crore on Tuesday, even as domestic benchmarks posted gains — Sensex up 394.50 points and Nifty higher by 119.10 points.
