New Delhi: Equity indices rose on Wednesday in line with the benchmark BSE Sensex Growth of over 1,000 points due to gains across all sectors.
The BSE 30-share index jumped 1,040 points or 1.86 per cent to end at 56,817. Whereas, the broader NSE Nifty ended 312 points or 1.87 per cent higher at 16,975.
Ultra Semco, Axis Bank, IndusInd Bank and HDFC were the major gainers in the Sensex pack, rising up to 4.69 per cent. Twenty-eight out of 30 stocks ended in the green.
Whereas, Sun Pharma and Power Grid only suffered losses.
Here’s what happened in the markets:
Broad-based shopping across regions
Nifty Auto index rose 2.2 per cent, closing higher for third consecutive session. While the Nifty Bank index closed with a gain of 2.1 percent.
All other major sub-indices ended in positive territory, with Nifty Energy Index and Nifty Metal Index rising 1.79 per cent and 2.63 per cent respectively, tracking the rise in commodity prices.
Shares of Paytm parent One 97 Communications ended three days lower with a gain of 7.2 per cent. The digital payments company had hit a record low on Tuesday as regulatory scrutiny on the firm tightened.
Positive signals from global markets
World stocks rose on Wednesday as markets saw signs of light in the Ukraine struggle.
Ukraine’s President Volodymyr Zelensky said on Wednesday that peace talks between Russia and Ukraine looked more realistic but more time was needed, as Russian airstrikes killed five people in the capital Kyiv and 30 refugees from the Moscow invasion. reached lakhs.
Russian Foreign Minister Sergei Lavrov also said that some agreements with Ukraine were close to being agreed.
The MSCI World Equity Index rose 0.87 per cent, having dropped from a one-year low in the previous session. S&P futures rose 0.79 percent after US stocks enjoyed a relief rally overnight on Wall Street, driven by hopes of a resolution in Ukraine.
European shares rose 2.2 per cent and MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 4.2 per cent after China’s Vice Premier Liu said Beijing was looking to boost the Chinese economy as well as capital markets. will take favorable policy steps for
US Fed meeting in focus
Investors expect the US Federal Reserve to raise interest rates by at least 25 basis points on Wednesday amid a rally in prices. Traders will also be watching the Fed closely to see how it plans to end its bond-buying program.
US 10-year Treasury yields rose to 2.204 percent on hopes of a Fed rate hike, the highest since June 2019. The five-year yield rose to 2.149 per cent, the highest since May 2019.
Germany’s 10-year government bond yield rose to its highest level since November 2018 at 0.387 per cent.
Domestic investors will keep a close eye on the Fed’s stance and give an indication of what it will mean for emerging economies.
(with inputs from global markets)
The BSE 30-share index jumped 1,040 points or 1.86 per cent to end at 56,817. Whereas, the broader NSE Nifty ended 312 points or 1.87 per cent higher at 16,975.
Ultra Semco, Axis Bank, IndusInd Bank and HDFC were the major gainers in the Sensex pack, rising up to 4.69 per cent. Twenty-eight out of 30 stocks ended in the green.
Whereas, Sun Pharma and Power Grid only suffered losses.
Here’s what happened in the markets:
Broad-based shopping across regions
Nifty Auto index rose 2.2 per cent, closing higher for third consecutive session. While the Nifty Bank index closed with a gain of 2.1 percent.
All other major sub-indices ended in positive territory, with Nifty Energy Index and Nifty Metal Index rising 1.79 per cent and 2.63 per cent respectively, tracking the rise in commodity prices.
Shares of Paytm parent One 97 Communications ended three days lower with a gain of 7.2 per cent. The digital payments company had hit a record low on Tuesday as regulatory scrutiny on the firm tightened.
Positive signals from global markets
World stocks rose on Wednesday as markets saw signs of light in the Ukraine struggle.
Ukraine’s President Volodymyr Zelensky said on Wednesday that peace talks between Russia and Ukraine looked more realistic but more time was needed, as Russian airstrikes killed five people in the capital Kyiv and 30 refugees from the Moscow invasion. reached lakhs.
Russian Foreign Minister Sergei Lavrov also said that some agreements with Ukraine were close to being agreed.
The MSCI World Equity Index rose 0.87 per cent, having dropped from a one-year low in the previous session. S&P futures rose 0.79 percent after US stocks enjoyed a relief rally overnight on Wall Street, driven by hopes of a resolution in Ukraine.
European shares rose 2.2 per cent and MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 4.2 per cent after China’s Vice Premier Liu said Beijing was looking to boost the Chinese economy as well as capital markets. will take favorable policy steps for
US Fed meeting in focus
Investors expect the US Federal Reserve to raise interest rates by at least 25 basis points on Wednesday amid a rally in prices. Traders will also be watching the Fed closely to see how it plans to end its bond-buying program.
US 10-year Treasury yields rose to 2.204 percent on hopes of a Fed rate hike, the highest since June 2019. The five-year yield rose to 2.149 per cent, the highest since May 2019.
Germany’s 10-year government bond yield rose to its highest level since November 2018 at 0.387 per cent.
Domestic investors will keep a close eye on the Fed’s stance and give an indication of what it will mean for emerging economies.
(with inputs from global markets)