Lagatar24 Desk
Mumbai, April 13: In early trade on Wednesday, the Indian equity indexes climbed following a positive trend in global markets. Asian stocks rose on the back of better-than-expected inflation data from the United States. Trends on the Singapore Exchange’s Nifty Futures (SGX Nifty) also pointed to a gap-up start for the domestic indices.
The 30-share BSE Sensex rose 312 points, or 0.53 percent, to 58,888 points, while the broader NSE Nifty rose 100 points, or 0.57 percent, to 17,630 at 9:47 a.m.
The Nifty Midcap 100 was up 0.82 percent, while small-cap stocks were up 1.07 percent, indicating that mid- and small-cap stocks were performing well.
The National Stock Exchange’s 15 sector indexes were all trading in positive territory. The Nifty Metal and Nifty FMCG indexes both outperformed the index, advancing 0.70 percent and 1.39 percent, respectively.
On a stock-by-stock basis, JSW Steel was the best performer, rising 3.06 percent to 779. The gainers included ONGC, Tata Steel, Apollo Hospitals, and UPL.
On the BSE, the overall market breadth was robust, with 1,164 shares gaining and 369 decreasing.
Tata Steel, Hindustan Unilever, Bharti Airtel, Bajaj Finance, Reliance Industries, L&T, M&M, and ITC were among the top performers on the 30-share BSE index.
Titan, Asian Paints, and Dr Reddy’s, on the other hand, were all in the red.
On Tuesday, the Sensex fell 388 points, or 0.66 percent, to close at 58,576 points, while the Nifty fell 145 points, or 0.82 percent, to 17,530.
