The 30-share BSE Sensex rose 250.14 points to 62,783.44. The broader NSE Nifty rose 75.5 points to 18,683.50.
Release Date – 11:30 AM, Wed – 12 December 22
Mumbai: Benchmarks started trading on a positive note on Wednesday, extending gains from the previous day and in line with firming global market trends.
The 30-share BSE Sensex rose 250.14 points to 62,783.44. The broader NSE Nifty rose 75.5 points to 18,683.50.
In the Sensex pack, Power Grid, Wipro, Tech Mahindra, NTPC, Tata Consultancy Services, HCL Technologies, Larsen & Toubro and State Bank of India were the key winners.
Bharti Airtel is the only laggard.
Elsewhere in Asia, stock markets in Seoul, Tokyo, Shanghai and Hong Kong traded in the green.
U.S. markets closed higher on Tuesday.
“All eyes will be on the FOMC rate meeting later in the day as the outcome will set the tone for the rest of the world’s stock markets,” said research analyst Prashanth Tapse, senior economist at Mehta Equities Ltd. Vice President (Research)
The Sensex gained 402.73 points, or 0.65%, to close at 62,533.30 on Tuesday. The Nifty gained 110.85 points or 0.60 percent to close at 18,608.
VK Vijayakumar, chief investment strategist at Geojit Financial Services, said the weaker-than-expected US November CPI inflation confirmed market expectations that the Fed would raise interest rates by just 50 basis points on Wednesday.
Brent crude, the international oil benchmark, fell 0.20% to $80.51 a barrel.
Foreign institutional investors (FIIs) bought shares worth Rs 6,199.2 crore on Tuesday, turning buyers, according to exchange data.
