Equity Indices Rebound as Global Markets Recover; Brent Crude Climbs

5 Oct 2023 , 01:19 PM

Equity indices rebounded in early trading after two consecutive days of decline, reflecting a global market recovery. At the time of writing, Sensex was trading at Rs 65,603 which is a 0.58% increase from the previous day’s close. Whereas Nifty was trading at Rs 19,528 which is a 0.47% increase than the previous day’s close. 

Leading Sensex gainers included Titan, ICICI Bank, Larsen & Toubro, Infosys, Tata Consultancy Services, ITC, and Tata Motors. Power Grid and Nestle were among the laggards in the market. 

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong displayed positive trading trends. US markets closed in positive territory the previous day. Brent crude, the global oil benchmark, rose 0.71% to reach USD 86.42 per barrel. Foreign Institutional Investors (FIIs) sold equities worth Rs 4,424.02 crore according to exchange data on Wednesday.

The BSE benchmark fell by 286.06 points (0.44%) to settle at 65,226.04, while the Nifty declined by 92.65 points (0.47%) to end at 19,436.10 on the previous day.

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