Sensex climbs 209.39 points to 60,866.84 in early trade
In early trade, the 30-share BSE Sensex climbed 209.39 points to 60,866.84 points. The broader NSE Nifty rose 59 points to 18,101.95.
Publish Date – 01:00 PM , Thu – 5 Jan 23
Mumbai: Equity benchmarks on Thursday recovered in early trade after losses the previous day amid a firm trend in global markets, but later faced volatility.
BSE with 30 shares Sensex The Sensex climbed 209.39 points to 60,866.84 in early trade. The broader NSE Nifty rose 59 points to 18,101.95.
However, later in the day, both the benchmarks turned volatile.
The Sensex closed at 60,623.08, down 34.37 points, and the Nifty closed at 18,048.15, up 5.20 points.
From the Sensex pack, NTPC, ITC, Hindustan Unilever, Nestle, HCL Technologies, Mahindra & Mahindra, Titan, Larsen & Toubro, State Bank of India and Asian Paints were the major winners.
Bajaj Finance, Bajaj Finserv, Power Grid, HDFC Bank, ICICI Bank and IndusInd Bank were the laggards.
Elsewhere in Asia, equity markets in Seoul, Tokyo, Shanghai and Hong Kong were trading in the green.
On Wednesday, the markets in the US were closed in a positive range.
The Fed minutes were apparently flamboyant with the message that “the restrictive policy stance would need to be maintained until incoming data provided confidence that inflation was on a sustained downward path to 2 percent.”
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, “Despite this flamboyant minute US markets closed in positive territory as markets are expecting a soft landing for the US economy.”
On Wednesday, the BSE benchmark had closed 636.75 points, or 1.04 per cent, down at 60,657.45. The Nifty closed at 18,042.95, down 189.60 points or 1.04 per cent.
International oil benchmark Brent crude jumped 1.03 per cent to $78.64 per barrel.
Foreign institutional investors (FIIs) sold shares worth Rs 2,620.89 crore on Wednesday, according to exchange data.