Image used for representational purposes only. File. | Photo source: Reuters
Benchmark equity indices rose in early trade on June 12 amid market purchases of shares of blue-chip companies Reliance Industries and Tata Consultancy Services.
The 30-share BSE Sensex rose 252.62 points to 76,709.21 in the early session. The NSE Nifty index rose 82.25 points to 23,347.10.
Among the 30 Sensex companies, HCL Technologies, Tech Mahindra, Wipro, Power Grid, Tata Motors, Tata Steel, Tata Consultancy Services and Reliance Industries were the top gainers.
Laggards included Titan, Asian Paints, IndusInd Bank and Hindustan Unilever.
In Asian markets, Seoul posted gains, while Tokyo, Shanghai and Hong Kong recorded declines.
American markets ended mostly higher on Tuesday.
“The 32% decline in India’s VIX index in the last 5 days means that the days of increased volatility are over and the market has entered a consolidation phase. From now on, the focus will be on fundamentals and news flows,” said VK Vijayakumar, Director, Investment Strategist, Financial Services, Geojit.
He added that today’s US inflation data and the Fed’s policy outcome will influence the direction of the global stock market.
Global price benchmark Brent crude rose 0.42% to $82.26 per barrel.
According to stock exchange data, foreign institutional investors (FIIs) withdrew shares worth ₹ 111.04 crore on Tuesday.
The BSE benchmark fell 33.49 points or 0.04% to settle at 76,456.59 on Tuesday. In volatile trade, Nifty ended marginally up 5.65 points or 0.02% at 23,264.85.
