Indian Stock Rally Continues: Sensex and Nifty on the Rise

11 Sep 2023 , 01:37 PM

In the ongoing bullish streak, Indian equity benchmark indices continued their upward trajectory for the seventh consecutive day. The participation of heavyweight stocks like Reliance Industries and Tata Consultancy Services further bolstered the positive momentum.

BSE Sensex and Nifty Performance: The 30-share BSE Sensex started the day on a positive note. At the time of writing sensex was trading at 66,955.61 which is a 0.53% increase. Meanwhile, the Nifty also showed strength by advancing 95 points, reaching 19,947.95, showing a 0.64% increase.

Major Gainers Among Sensex Companies: Several companies within the Sensex index witnessed significant gains, contributing to the overall positive sentiment. Notable gainers included HCL Technologies, Maruti, State Bank of India, Tata Consultancy Services, Tata Motors, Wipro, Nestle, Reliance Industries, Larsen & Toubro, and UltraTech Cement.

Underperforming Stocks: On the flip side, IndusInd Bank and Bharti Airtel struggled to keep pace with the broader market gains.

Asian Market: Asian markets displayed mixed trends, with Shanghai quoting higher while Seoul, Tokyo, and Hong Kong witnessed declines.

US Market Performance: In the United States, the markets concluded in positive territory on the preceding Friday.

Brent Crude Oil Prices: Global oil benchmark Brent crude experienced a slight decline, dipping by 0.18 percent to reach USD 90.49 per barrel.

Foreign Institutional Investors Activity: On Friday, Foreign Institutional Investors (FIIs) reportedly sold equities worth Rs 224.22 crore, according to exchange data.

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