NEW DELHI: Headline equity indices Sensex and Nifty started Wednesday's session on a positive note as investor sentiment got a boost from the further decline in crude oil prices.
Crude oil prices came under pressure after data showed a larger-than-expected increase in the US crude stockpiles.
Moreover, analysts say that improved prospects for Prime Minister Modi in the forthcoming general elections has infused optimism in the market.
Foreign portfolio investors (FPIs) bought Rs 752 crore worth of domestic stocks on Tuesday, data available with NSE suggested. DIIs were net buyers to the tune of Rs 581 crore.
Sensex jumped over 160 points and Nifty topped 11,030 in the opening deals. BSE Midcap and Smallcap indices jumped over 1 per cent each.
Around 9:25 am, the BSE Sensex was 149 points, or 0.41 per cent, up at 36,591, while the Nifty index was 43 points, or 0.39 per cent, up at 11,031.
ICICI Bank, Vedanta, State Bank of India, ITC and Bharti Airtel were among the top gainers in Sensex kitty. On the flip side, Axis BankNSE -0.78 %, Bajaj AutoNSE -0.55 %, Tata Motors, Sun Pharma and Hero MotoCorp were among the top losers.
All sectoral indices on BSE were witnessing healthy buying. Basic materials, industrials, telecom, capital goods, metal, oil & gas and power sectors rose over 1 per cent each.
Shares of ITC jumped nearly 2 per cent after the leading ciga
Crude oil prices came under pressure after data showed a larger-than-expected increase in the US crude stockpiles.
Moreover, analysts say that improved prospects for Prime Minister Modi in the forthcoming general elections has infused optimism in the market.
Foreign portfolio investors (FPIs) bought Rs 752 crore worth of domestic stocks on Tuesday, data available with NSE suggested. DIIs were net buyers to the tune of Rs 581 crore.
Sensex jumped over 160 points and Nifty topped 11,030 in the opening deals. BSE Midcap and Smallcap indices jumped over 1 per cent each.
Around 9:25 am, the BSE Sensex was 149 points, or 0.41 per cent, up at 36,591, while the Nifty index was 43 points, or 0.39 per cent, up at 11,031.
ICICI Bank, Vedanta, State Bank of India, ITC and Bharti Airtel were among the top gainers in Sensex kitty. On the flip side, Axis BankNSE -0.78 %, Bajaj AutoNSE -0.55 %, Tata Motors, Sun Pharma and Hero MotoCorp were among the top losers.
All sectoral indices on BSE were witnessing healthy buying. Basic materials, industrials, telecom, capital goods, metal, oil & gas and power sectors rose over 1 per cent each.
Shares of ITC jumped nearly 2 per cent after the leading ciga
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