Markets trade firm amid strength in global equities

Published on: 14 Dec 2022 at 01:01 PM

Published by: PreetiMahajan

Mumbai, December 14

Benchmark indices began the trade on a positive note on Wednesday, extending its previous-day rally, in line with firm global market trends.

The 30-share BSE Sensex climbed 250.14 points to 62,783.44. The broader NSE Nifty advanced 75.5 points to 18,683.50.

From the Sensex pack, Power Grid, Wipro, Tech Mahindra, NTPC, Tata Consultancy Services, HCL Technologies, Larsen & Toubro and State Bank of India were the major winners.

Bharti Airtel was the only laggard.

Elsewhere in Asia, equity markets in Seoul, Tokyo, Shanghai and Hong Kong were trading in the green.

The US markets had ended higher on Tuesday.

The Sensex climbed 402.73 points or 0.65 percent to settle at 62,533.30 on Tuesday. The Nifty advanced 110.85 points or 0.60 per cent to end at 18,608.

International oil benchmark Brent crude dipped 0.20 percent to USD 80.51 per barrel.

Foreign Institutional Investors turned buyers as they bought shares worth Rs 619.92 crore on Tuesday, according to exchange data.