Sensex, Nifty continue to rally supported by gains in IT, Reliance stocks
The Hindu
Foreign institutional investors continued their selling spree in Indian markets as they offloaded shares worth ₹8,142.60 crore on a net basis on Tuesday.
Equity benchmarks Sensex and Nifty opened on a positive note on Wednesday, carrying forward the recovery in the previous trade, supported by gains in index heavyweights IT and Reliance Industries stocks.
The 30-share BSE Sensex opened in the green and further jumped 444.51 points or 0.83% to 53,868.60.
Similarly, the NSE Nifty climbed 117.10 points or 0.73% to 16,130.55.
From the 30-share pack, Tech Mahindra, Reliance Industries Limited, Sun Pharma, Infosys and Dr Reddy's were the major gainers.
In contrast, Power Grid Corporation, Tata Steel, Asian Paints and Kotak Mahindra Bank were among the laggards in early trade.
In the previous trade, the BSE benchmark index settled 581.34 points or 1.10% higher at 53,424.09, overcoming bouts of volatility during the trade.
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