1 month ago
Indian Stock Indices Rebound on IT, FII Buying
The stock market in India went up a lot on a Wednesday.
The main indexes, called the Sensex and the Nifty, climbed by almost 900 and 260 points, respectively.
Big companies like Hindustan Unilever and Infosys jumped in value.
Investors from other countries bought a lot of shares, which helped the market feel better.
The rise was helped by good earnings from companies and a stronger Indian rupee, even though some global news was not very positive.
Sensex rose 889 points to 77,654.60, Nifty closed above 24,250
IT, banking, and capital goods stocks led the gains
Foreign institutional investors bought Rs 755.33 crore worth of shares
Hindustan Unilever and Infosys were top gainers, while Adani Ports fell
Brent crude rose to $87.28 a barrel amid West Asian tensions
- Who
- Indian equity investors, including foreign institutional investors
- What
- Benchmark equity indices rebounded sharply with gains in IT, banking, and capital goods stocks
- Where
- Mumbai, India
- When
- Wednesday
- Why
- Strong domestic fundamentals, encouraging corporate earnings, and renewed FII buying supported the rally
Key facts
- Sensex Gain
- 889 points (1.16%)
- Nifty Gain
- 264.85 points (1.10%)
- FII Net Buying
- Rs 755.33 crore
- IT Sector Performance
- Up 2.4%
- Brent Crude Price
- $87.28 per barrel









