• Source:JND
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Stock Market: The benchmark stock indices Sensex and Nifty rose sharply on Wednesday after three consecutive days of sharp declines, following a rally in buying at lower levels amid buying at global peers. The 30-share BSE Sensex rose 874.94 points, or 1.11 percent, to 79,468.01. During the day, it jumped 1,046.13 points, or 1.33 percent, to 79,639.20.

The NSE Nifty rose 304.95 points or 1.27 percent to 24,297.50. During the day, it rose 345.15 points, or 1.43 percent, to 24,337.70. Of the 30 Sensex stocks, Adani Ports and Power Grid gained more than 3 percent. JSW Steel, Tata Steel, Mahindra & Mahindra, Infosys, Maruti, and Larsen & Toubro were the other major gainers. Bharti Airtel, IndusInd Bank, Tech Mahindra, Hindustan Unilever, and Titan and Titan were losers.

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Asian markets ended in positive territory, with Seoul, Tokyo, Shanghai, and Hong Kong closing significantly higher. European markets also performed well. U.S. markets ended higher on Tuesday. Foreign institutional investors sold equities worth Rs 3,531.24 crore on Tuesday, according to exchange data. DIIs purchased equities worth Rs 3,357.45 crore on Tuesday.

Brent crude, the global oil benchmark, climbed 1.12 percent to $77.34 a barrel. The benchmark BSE fell 166.33 points, or 0.21 percent, to close at 78,593.07 for the third consecutive day of decline on Tuesday. Similarly, the Nifty fell 63.05 points or 0.26 percent to close at 23,992.55 below the 24,000 level.

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(With PTI's Input)