Equity Indices Surge on Global Rally and Positive US Inflation Data, Sensex Up 1.08%

15 Nov 2023 , 01:41 PM

Equity indices surged in early trade on Wednesday, following a global market rally spurred by favorable US inflation data. At the time of writing, Sensex registers a 1.08% increase, trading at Rs 65,634, while Nifty is up by 1.15% at 19,666 from the previous day’s close.

Among Sensex firms, major gainers include JSW Steel, Tech Mahindra, Tata Steel, Infosys, Wipro, Tata Consultancy Services, HCL Technologies, and Axis Bank. Power Grid, Nestle, Mahindra & Mahindra, and Asian Paints are among the laggards.

markets closed with significant gains on Tuesday, influenced by lower-than-expected October US inflation data.

Global oil benchmark Brent crude rises to USD 82.74 a barrel, marking a 0.33% increase.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,244.44 crore on Tuesday.

Equity markets were closed on Tuesday for Diwali Balipratipada.

On Monday, the BSE benchmark fell 0.50% to 64,933.87, and the Nifty declined 0.42% to 19,443.55. 

For feedback and suggestions, write to us at [e-mail]