Lagatar24 Desk
Mumbai, Dec.22: Tata Motors, Hindalco, and Reliance Industries led the Indian equities benchmarks higher on Wednesday. Despite the rising number of Omicron variant cases around the world, Asian stock markets are trading higher as global investors’ risk appetite improves as the year draws to a close. After U.S. stocks concluded the previous session with gains, MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.6 percent.
The 30-share Sensex was up 408 points, or 0.72 percent, at 56,727.15 at 10.05 a.m., while the wider NSE Nifty was up 106 points, or 0.64 percent, at 16,877 points.
The Nifty Midcap 100 index was up 0.74 percent, while the Nifty Smallcap 100 index was up 1.18 percent, indicating that mid- and small-cap stocks were trading in the green.
On a stock-by-stock basis, Tata Motors was the highest Nifty gainer, rising 2.47 percent to Rs. 464.80. Hindalco, IndusInd Bank, SBI, and Reliance Industries were also winners.
Cipla, Asian Paints, and Dr. Reddy’s, on the other hand, were among the losers.
On the BSE, the overall market breadth was positive, with 1,924 shares advancing and 428 decreasing.
IndusInd Bank, Bajaj Finance, SBI, RIL, Tata Steel, and Bajaj Finserv saw the highest increases on the BSE platform, with their stocks gaining as much as 2.09 percent in early trade.
On Tuesday, the Sensex rose 497 points, or 0.89 percent, to 56,319.01, while the Nifty rose 156.65 points, or 0.94 percent, to 16,770.85.
Meanwhile, on December 21, NSE data indicated that foreign institutional investors (FIIs) sold shares worth 1,209.82 crore, while domestic institutional investors (DIIs) acquired shares worth 1,404.89 crore.
