Markets open higher amid firm global trends; eyes on US Fed interest rate decision : The Tribune India

Markets open higher amid firm global trends; eyes on US Fed interest rate decision

The 30-share BSE Sensex advances 344.1 points to 58,418.78

Markets open higher amid firm global trends; eyes on US Fed interest rate decision

Photo for representation



PTI

Mumbai, March 22

Stock markets started the trade on a positive note on Wednesday, continuing their previous day's rally, in line with a firm trend in global equities.

The 30-share BSE Sensex advanced 344.1 points to 58,418.78. The broader NSE Nifty climbed 99.75 points to 17,207.25.

Among the Sensex stocks, Bajaj Finance, Mahindra & Mahindra, UltraTech Cement, Larsen & Toubro, HCL Technologies, Bajaj Finserv, Tata Motors, IndusInd Bank and Tata Steel were the major gainers.

Power Grid, Kotak Mahindra Bank, NTPC, HDFC Bank, and HDFC were the laggards.

In Asia, Seoul, Japan, Hong Kong and Shanghai markets were trading in the green.

The US markets had ended significantly higher on Tuesday.

The BSE benchmark had climbed 445.73 points or 0.77 per cent to settle at 58,074.68 on Tuesday. The Nifty had advanced 119.10 points or 0.70 per cent to settle at 17,107.50.

Meanwhile, global oil benchmark Brent crude dipped 0.58 per cent to USD 74.88 per barrel.

Foreign Portfolio Investors offloaded equities worth Rs 1,454.63 crore on Tuesday, according to exchange data. 

Tribune Shorts


Top News

Sharad Pawar appoints Praful Patel, Supriya Sule as NCP working presidents

Sharad Pawar appoints Praful Patel, Supriya Sule as NCP working presidents

The announcement was made in the presence of Ajit Pawar, a k...

Cyclonic storm Biparjoy likely to intensify further

Cyclone Biparjoy to intensify in next 24 hours

Then it will move gradually north-northwestwards in the next...

Sidhu Moosewala’s father reaches Punjab cabinet meeting site in Mansa, is whisked away by police

Sidhu Moosewala's father reaches Punjab cabinet meeting venue in Mansa, is whisked away by police

Mansa SSP Nanak Singh, along with police officials, took Bal...

Rs 7 crore looted from office of cash management firm in Ludhiana

Rs 7 crore looted from cash management firm in Ludhiana

The incident takes place at around 1.30 am when the men barg...


Cities

View All