Sensex surges over 250 points to scale 56K
Equity benchmark Sensex on Wednesday jumped over 250 points to scale the 56,000 mark for the first time, tracking gains in index majors HDFC twins and Reliance Industries amid positive trend in Asian peers. The 30-share index was trading 252.54 points or 0.40 percent higher at its lifetime high of 56,044.81, while broader NSE Nifty advanced 66.75 points or 0.40 percent to record 16,681.35.
HDFC Bank was the top gainer in the Sensex pack
HDFC Bank was the top gainer in the Sensex pack, rising over two percent, followed by UltraTech Cement, Bajaj Finance, PowerGrid, L&T, Bajaj Finserv, and HDFC. On the other hand, IndusInd Bank, Kotak Bank, Bajaj Auto, and Infosys were among the laggards.
FIIs offloaded shares worth Rs. 343.73 crore on Tuesday
In the previous session, Sensex settled 209.69 points or 0.38 percent higher at a new closing record of 55,792.27, and Nifty rose 51.55 points or 0.31 percent to a new closing high of 16,614.60. Foreign Institutional Investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs. 343.73 crore on Tuesday, as per provisional exchange data.
Domestic equities look to be good as of now: Expert
"Domestic equities look to be good as of now. Lifting of the partial ban by the RBI to issue fresh credit cards is likely to aid heavyweight HDFC Bank and benchmark indices during the day," said Binod Modi Head-Strategy at Reliance Securities. Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo, and Seoul were trading with gains in mid-session deals.
Brent crude trading at $69.20 per barrel
However, equities in the United States ended on a negative note in overnight trade. Meanwhile, international oil benchmark Brent crude rose 0.25 percent to $69.20 per barrel.
