Benchmark indices Sensex and Nifty rebounded in early trade on Wednesday after falling sharply in the previous session, following softening crude oil prices and buying in blue-chips.
Market Performance
The 30-share BSE Sensex climbed 187.63 points to 76,388.31 in early trade. The 50-share NSE Nifty went up by 57.75 points to 23,878.85.
From the 30-Sensex firms, Tech Mahindra, ICICI Bank, Trent, Infosys, Tata Consultancy Services and Kotak Mahindra Bank were among the major winners. On the other hand, Maruti, Bharti Airtel, NTPC and Tata Steel were among the laggards.
Crude Oil and Global Markets
Brent crude, the global oil benchmark, traded 1.02 per cent lower at USD 76.29 per barrel. In Asian markets, South Korea's Kospi and Hong Kong's Hang Seng index quoted higher, while Japan's Nikkei 225 index and Shanghai's SSE Composite index traded lower. US markets ended sharply lower on Tuesday, with the Nasdaq Composite tumbling 2.21 per cent and the S&P 500 dropping 1.44 per cent.
FII Activity
Foreign Institutional Investors (FIIs) bought equities worth Rs 17.86 crore on Tuesday, according to exchange data. This buying activity provided some support to the domestic markets.
