Stock Market: Stock markets ended on a positive note on Wednesday, taking their winning momentum to the third day running due to heavy buying in market heavyweights L&T, HDFC Bank and Reliance Industries amid fresh foreign fund inflows. However, intense selling in blue-chip IT stocks put some pressure on the markets ahead of the US Fed policy decision.

The 30-share BSE benchmark Sensex climbed 147.79 points or 0.20 per cent to settle at 75,449.05. During the day, it advanced 267.12 points or 0.35 per cent to 75,568.38.

The NSE Nifty rose 73.30 points or 0.32 per cent to 22,907.60.
From the Sensex pack, Tata Steel, Zomato, Power Grid, UltraTech Cement, IndusInd Bank, Larsen & Toubro, Adani Ports, NTPC, State Bank of India and Reliance Industries were among the major gainers.

On the other hand, Tech Mahindra, Tata Consultancy Services, ITC, Infosys, Sun Pharma, Maruti, HCL Tech, and Nestle were among the laggards.

In Asian markets, Seoul and Hong Kong settled in the positive territory, while Tokyo and Shanghai ended lower. European markets were trading on a mixed note. US markets ended in the negative zone on Tuesday.

Foreign Institutional Investors (FIIs) turned buyers on Tuesday as they bought equities worth Rs 694.57 crore, according to exchange data. Domestic Institutional Investors (DII) also bought equities worth Rs 2,534.75 crore.

Global oil benchmark Brent crude dipped 0.78 per cent to USD 70.01 a barrel.

On Tuesday, the Sensex jumped 1,131.31 points or 1.53 per cent to settle at 75,301.26. The Nifty surged 325.55 points or 1.45 per cent to 22,834.30.

Rising for the fourth straight session, the rupee appreciated 12 paise to close at 86.44 (provisional) against the US dollar on Wednesday, supported by a positive trend in domestic equity markets and lower global crude oil prices.

At the interbank foreign exchange, the rupee opened at 86.60 and touched the intraday low of 86.68 against the greenback. The unit also hit the day's peak of 86.43 before ending the session at 86.44 (provisional), up 12 paise against its previous close. The domestic currency settled 25 paise higher at 86.56 against the US dollar on Tuesday.

Disclaimer: This story has been directly published from agency feed (PTI). No changes have been made except headline.


Also In News