Indian equity markets opened Wednesday’s trading session on a positive note. Indian equity markets moved higher by more than 200 points initially at the open but soon lost steam as investors chose to book profits by selling stocks at these record highs. Initially, India’s S&P BSE Sensex had surged by 213.42 points to reach 84,487.34, while the Nifty had gained 74.25 points to reach 26,009.40. But the market turned volatile shortly after the opening bell, shifting between gains and losses.
Leading the charge among the gainers were Mahindra & Mahindra, Titan, Tata Steel, and State Bank of India, while HCL Technologies, Trent, and Bharat Electronics Ltd were among the notable laggards. On the global front, Asian markets had mixed trends. While the Kospi, Hang Seng, and Shanghai Composite traded higher, Japan’s Nikkei 225 remained closed due to a holiday. This follows a weaker closing in US markets overnight.
However, institutional investor action stayed in the green despite the volatility. According to data, domestic institutional investors net purchased shares worth ₹1,174.21 crore on Tuesday, surpassing the foreign investors' net-buy of equities worth ₹69.45 crore. Meanwhile, brent crude prices increased 0.76 percent to USD 69.32 per barrel.
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