Equity benchmark indices rebounded in early trade on Thursday, April 18, 2024, after falling for the past three days amid a rally in Asian markets along with buying in index majors State Bank of India and Reliance Industries.

The 30-share BSE Sensex climbed 310.82 points to 73,254.50 in early trade. The NSE Nifty went up by 122.75 points to 22,270.65.

In the past three days, the BSE benchmark tanked 2,094.47 points or 2.79 per cent.

From the Sensex basket, Power Grid, Mahindra & Mahindra, Bharti Airtel, Larsen & Toubro, Tata Steel, State Bank of India, Kotak Mahindra Bank and Reliance Industries were the major gainers.

HCL Technologies, Axis Bank, Nestle, Tech Mahindra, Titan Company and ITC were among the laggards.

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were trading in the positive territory.

Wall Street ended lower on Wednesday.

Global oil benchmark Brent crude climbed 0.29 per cent to USD 87.54 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,468.09 crore on April 17, according to exchange data.

Stock markets were closed on Wednesday for Ram Navami.

Continuing its downtrend for the third day running, the 30-share BSE benchmark tanked 456.10 points or 0.62 per cent to settle at 72,943.68 on Tuesday.

The NSE Nifty declined 124.60 points or 0.56 per cent to finish at 22,147.90.

An employee of a stock trading firm in Mumbai looking at a share price. File photo
| Photo Credit: The Hindu

Benchmark equity indices rebounded in early trade on Wednesday, April 10, 2024 amid the ongoing optimistic trend in equities and buying in largecap stocks.

The 30-share BSE Sensex climbed 273.65 points to 74,957.35 in early trade. The NSE Nifty advanced 83.85 points to 22,726.60.

From the Sensex basket, Bharti Airtel, Tata Steel, Reliance Industries, Kotak Mahindra Bank, Axis Bank and State Bank of India were the major gainers.

HDFC Bank, Tata Consultancy Services, UltraTech Cement, and Wipro were the laggards.

In Asian markets, Tokyo and Shanghai traded lower while Hong Kong quoted in the positive territory.

Wall Street ended mostly with gains on Tuesday.

“Positive factors such as expectations of robust Q4 corporate earnings and a pre-election rally are supporting the market,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

Global oil benchmark Brent crude climbed 0.04 per cent to USD 89.46 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹593.20 crore on Tuesday, according to exchange data.

“A significant recent healthy trend in the market is the outperformance of the fundamentally strong largecaps over the mid and smallcaps. This trend is making the market healthier and, therefore, has the potential to continue,” said V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

The BSE benchmark declined 58.80 points or 0.08 per cent to settle at 74,683.70 on Tuesday. The benchmark breached the historic 75,000-mark for the first time ever during the day. The NSE Nifty dipped 23.55 points or 0.10 per cent to 22,642.75. It hit the record peak of 22,768.40 during the day.