Markets climb in early trade

PTI Updated - January 18, 2023 at 10:33 AM.

IT, Metal and Financial Services stocks rally

Foreign fund inflows aid the market upward movement | Photo Credit: PUNIT PARANJPE

Equity benchmarks climbed in initial trade on Wednesday, extending their previous day's rally, amid buying in index heavyweight HDFC twins and foreign funds inflow.

The 30-share BSE benchmark Sensex climbed 107.28 points to 60,763. The broader NSE Nifty went up by 37.25 points to 18,090.55.

Major gainers, losers

From the Sensex pack, Tata Steel, Wipro, HDFC Bank, HCL Technologies, Kotak Mahindra Bank, Bharti Airtel, HDFC, Titan, ITC and Bajaj Finance were the prominent gainers.

Tata Motors, UltraTech Cement, Mahindra & Mahindra, Reliance Industries, State Bank of India and ICICI Bank were the laggards.

Asian markets

Elsewhere in Asia, equity markets in Tokyo quoted in the green, while Seoul, Shanghai and Hong Kong traded lower.

Markets in the US had ended mostly lower on Tuesday.

International oil benchmark Brent crude jumped 0.73 per cent to $86.55 per barrel.

Foreign Institutional Investors (FIIs) turned buyers on Tuesday after unabated outflows for the past many days. They bought shares worth ₹211.06 crore on Tuesday, according to exchange data.

Published on January 18, 2023 05:03

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