Sensex Rises with Reliance Industries Boost, Global Factors Limit Gains

22 Nov 2023 , 04:01 PM

Equity benchmark indices rise in early trade, driven by buying in Reliance Industries, but gains are limited due to foreign fund outflows and mixed global trends. At the time of writing, Sensex is at Rs 66,023, marking a 0.14% increase from the previous close, while Nifty is at Rs 19,811, showing a 0.14% rise.

Top gainers among Sensex firms include Power Grid, Titan, Sun Pharma, Reliance Industries, Hindustan Unilever, Asian Paints, Tata Motors, Tech Mahindra, Nestle, and ITC. Major laggards include Kotak Mahindra Bank, ICICI Bank, IndusInd Bank, and JSW Steel.

In Asian markets, Tokyo trades positively, while Seoul, Shanghai, and Hong Kong witness declines. US markets closed negatively on Tuesday.

Brent crude, the global oil benchmark, decreased by 0.16% to USD 82.32 per barrel. Foreign Institutional Investors (FIIs) sold equities worth Rs 455.59 crore on Tuesday. The market uptrend remains intact with global support from easing US bond yields, with the US 10-year bond yield at 4% providing strong support.

On Tuesday, the BSE benchmark rose by 0.42%, settling at 65,930.77, while the Nifty increased by 0.45% to 19,783.40.

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