Indian benchmark indices Sensex and Nifty extended their gains for the fourth consecutive session on Wednesday, supported by a positive trend in global equities and buying interest in metal and commodity stocks. The Sensex climbed 114.49 points or 0.16% to settle at 73,852.94, after touching an intraday high of 74,121.61. The Nifty also advanced by 34.40 points or 0.15% to end the day at 22,402.40.
However, intense selling pressure on telecom, IT, and tech stocks capped the upside potential of the indices towards the fag-end of the session. JSW Steel, Tata Steel, Power Grid, Kotak Mahindra Bank, UltraTech Cement, NTPC, and Bajaj Finance emerged as the major gainers from the Sensex basket, while TCS, Tech Mahindra, Maruti, Reliance Industries, and Titan were among the laggards.
In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong settled in the positive territory. European markets were trading mostly with gains, while Wall Street had closed with positive returns on Tuesday. Meanwhile, global oil benchmark Brent crude declined by 0.35% to USD 88.11 a barrel.
Foreign institutional investors continued to remain net sellers in the Indian equity markets, offloading shares worth Rs 3,044.54 crore on Tuesday. The BSE benchmark had ended 89.83 points or 0.12% higher at 73,738.45 on Tuesday, while the NSE Nifty had finished with a gain of 31.60 points or 0.14% at 22,368.
