Stock Market: Sensex, Nifty Gain in Early Trade; Mahindra & Mahindra, HCL Technologies Top Gainers

Stock Market: Equity benchmark indices opened trade on a positive note on Wednesday after a two-day decline amid expectations of a rate cut by the US Federal Reserve, following a rally in US markets. The 30-share BSE Sensex climbed 144.92 points to 79,100.95. The NSE Nifty rose 57.5 points to 24,196.50.

Among the 30 Sensex companies, Mahindra & Mahindra, Tata Motors, HCL Technologies, Tech Mahindra,  State Bank of India, and NTPC were the top gainers. ICICI Bank, Ultratech Cement, Adani Ports, and Hindustan Unilever were among the laggards. In Asian markets, Seoul and Tokyo are trading higher, while Shanghai and Hong Kong are trading lower.

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US markets ended significantly higher on Tuesday.

Foreign institutional investors sold equities worth Rs 2,107.17 crore on Tuesday, while domestic institutional investors bought equities worth Rs 1,239.96 crore, exchange data showed.
Brent crude, the global benchmark, rose 0.61 percent to $81.18 per barrel.

The benchmark BSE fell 692.89 points, or 0.87 percent, to 78,956.03 on Tuesday. The NSE Nifty fell 208 points or 0.85 percent to 24,139.

(With PTI's Input)

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