Indian Equity Indices Rise on US Market Rally and Lower Crude Prices

23 Nov 2023 , 01:37 PM

Equity benchmark indices rise in early trade on Thursday, following a rally in the US markets and a drop in crude oil prices. Sensex trades at Rs 66,052, showing a 0.04% increase from the previous day’s close, while Nifty is at Rs 19,813, reflecting a 0.01% rise.

Major gainers among Sensex firms include Wipro, Asian Paints, Nestle, Mahindra & Mahindra, Bajaj Finserv, IndusInd Bank, and ITC. UltraTech Cement and Hindustan Unilever are the laggards.

In Asian markets, Shanghai is in the green, while Seoul and Hong Kong quote lower. US markets closed with gains on Wednesday. Brent crude, the global oil benchmark, declines 1.33% to USD 80.87 per barrel.

Foreign Institutional Investors (FIIs) sold equities worth Rs 306.56 crore on Wednesday. On Wednesday, BSE benchmark rose by 92.47 points (0.14%) to 66,023.24, and Nifty edged higher by 28.45 points (0.14%) to 19,811.85.

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