Markets rebound after sharp fall on buying by domestic investors, firm Asian peers
The Hindu
BSE Sensex and NSE Nifty rise in early trade; Bajaj Finance leads gainers, while oil prices decline slightly.
Stock market benchmark indices rebounded in early trade on Wednesday (October 23, 2024) amid continuous buying by domestic institutional investors and firm trends across Asian bourses.
The BSE Sensex climbed 168.79 points to 80,389.51 in early trade. The NSE Nifty went up by 46.2 points to 24,518.30.
From the 30 Sensex pack, Bajaj Finance climbed over 3% after the firm reported a 13% increase in consolidated net profit at ₹4,014 crore in the second quarter ended September 2024.
Bajaj Finserv, HDFC Bank, Nestle, Kotak Mahindra Bank, Tata Consultancy Services, and Maruti were among the other big gainers.
NTPC, Power Grid, Mahindra & Mahindra, and UltraTech Cement were among the laggards.
Domestic Institutional Investors (DIIs) bought equities worth ₹5,869.06 crore on Tuesday (October 23, 2024), according to exchange data. Foreign Institutional Investors (FIIs), however, offloaded shares worth ₹3,978.61 crore.
In Asian markets, Seoul, Shanghai and Hong Kong traded higher while Tokyo quoted lower.
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