Mumbai The bullish trend in the domestic stock market continued for the fifth consecutive trading session. BSE Sensex and NSE Nifty opened with gains in early trading on Wednesday. Continued buying by foreign investors and softening of crude oil prices in the international market strengthened the confidence of investors.
At the beginning of trading, the Sensex rose 288 points to 77,185.35. At the same time, Nifty was seen trading at 23,890.85 points with a gain of 77.25 points.
Most movement was seen in these shares
Among the 30 Sensex companies, shares of Bharat Electronics, ITC, Adani Ports, HDFC Bank, Bajaj Finserv and State Bank of India were the biggest gainers. On the other hand, shares of Power Grid, Eternal, Tata Consultancy Services and Bharti Airtel were seen trading with a decline.
Mixed trend of Asian markets
In Asian markets, South Korea's Kospi, Japan's Nikkei 225 and China's SSE Composite index remained in decline. At the same time, Hong Kong's Hang Seng was trading with a slight rise. Earlier on Tuesday, American stock markets had closed with gains.
Crude oil prices fall, foreign investors invest crores
In the international market, the price of Brent crude fell by 0.43 percent to $ 103.2 per barrel. This softening of crude oil prices supported the sentiment in the domestic market. According to stock market data, foreign institutional investors (FIIs) bought shares worth a net Rs 6,836.81 crore on Tuesday.
The market had made a big jump in the last session also
On Tuesday, the Sensex closed at the day's high of 76,917.85 points with a strong gain of 1,225.07 points or 1.62 percent. Nifty also rose by 370.05 points or 1.58 percent to reach 23,810.85 points.
In the last four trading sessions, the Sensex gained 3,671.82 points or five percent, while the Nifty gained 1,112 points or 4.89 percent.
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