MOHAMMAD ZIYAUDDIN
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The Indian stock market started Wednesday with substantial strength after foreign institutions added funds and US market signals signaled growth. In early trade on Wednesday both the BSE Sensex rose 151.6 points to 78,735.41 and NSE Nifty gained 68.05 points at 23,807.30.
Top gainers and laggards
The major gainers for 30-share Sensex consisted of IndusInd Bank, Zomato and Tata Motors with Power Grid and NTPC and Infosys elevating their stock values.
The stock price of Asian Paints fell 4.51% because the company announced a consolidated net profit decline of 23.5% for Q3 FY25 while attributing the drop to sluggish demand linked to a lackluster festive period. The group of declining stocks included Nestle alongside Titan and Sun Pharma and Mahindra & Mahindra.
Global market trends
Japanese markets and Hong Kong stock prices experienced negative movement but South Korean capital markets maintained positive results.
US markets finished in a positive position on Tuesday which produced favorable investor perspectives.
Brent crude dips
Market prices of Brent crude petroleum delivered a 0.43% dip to reach $75.87 per barrel.
Strong rally on Tuesday
Tuesday brought about a steep market recovery according to daily market reports.
The Indian stock exchange Sensex managed a one-month peak after rising 1,397.07 points (1.81%) to conclude trading at 78,583.81.
The index at Nifty climbed 378.20 points or 1.62% to close at 23,739.25 and broke its previous record since January 3.
The market will focus on FII movements and worldwide trends and economic statistics until the next market sessions.
