NEW DELHI: Domestic equity benchmarks Sensex and Nifty registered a strong opening on Wednesday in the light of positive sentiment in global markets ahead of a new round of US-China trade talks.
US stocks climbed overnight and Treasuries declined, showing signs of an ebb in investor concern over economic slowdown.
The US and China look set to begin their new round of talks on Thursday.
Sustained FPI inflow has been a major factor that has infused bullish sentiment in the market lately.
Foreign portfolio investors (FPIs) bought Rs 999.02 crore worth of domestic stocks on Tuesday, data available with NSE suggested.
Sensex jumped over 220 points and Nifty topped 11,530 in early deals.
Around 9:30 am, the BSE Sensex was 196 points, or 0.51 per cent, up at 38,429, while the Nifty index was 48 points, or 0.42 per cent, up at 11,531.
Midcaps and smallcaps climbed in sync with Sensex as their sectoral indices on BSE were trading 0.63 per cent and 0.48 per cent higher, respectively, at that time.
IndusInd Bank, YES Bank, Bharti Airtel, Sun Pharma and Larsen & Toubro were among the top gainers in the Sensex index, jumping up to 4 per cent.
US stocks climbed overnight and Treasuries declined, showing signs of an ebb in investor concern over economic slowdown.
The US and China look set to begin their new round of talks on Thursday.
Sustained FPI inflow has been a major factor that has infused bullish sentiment in the market lately.
Foreign portfolio investors (FPIs) bought Rs 999.02 crore worth of domestic stocks on Tuesday, data available with NSE suggested.
Sensex jumped over 220 points and Nifty topped 11,530 in early deals.
Around 9:30 am, the BSE Sensex was 196 points, or 0.51 per cent, up at 38,429, while the Nifty index was 48 points, or 0.42 per cent, up at 11,531.
Midcaps and smallcaps climbed in sync with Sensex as their sectoral indices on BSE were trading 0.63 per cent and 0.48 per cent higher, respectively, at that time.
IndusInd Bank, YES Bank, Bharti Airtel, Sun Pharma and Larsen & Toubro were among the top gainers in the Sensex index, jumping up to 4 per cent.
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