Stock Market: Sensex and Nifty gains over 300 and 100 points respectively

The domestic stock market on Wednesday began its business on a strong note. The Sensex traded at 35,561.32, up 398.84 points or 1.13 percent and the broader Nifty50 was at 10,698.45, with a gain of 113.70 points or 1.07 percent.

Notably, the BSE Sensex opened at 35,543.38 and the Nifty50 index of the National Stock Exchange (NSE) at 10,550.15. The top five Nifty gainers were Infosys, UPL, Yes Bank, Eicher Motors, and Bajaj Finance.

According to a report by news agency Reuters, in the global markets, MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.7 percent and South Korea 1.2 percent. Chinese blue chips, however, lagged with a gain of only 0.2 percent.

However, the intraday high of the Sensex so far was 35,605.43 and that of the Nifty was 10,710.15.

On Tuesday, the Sensex had closed at 35,162.48, up 297.38 points or 0.85 percent, and the Nifty50 had settled at 10,584.75, with a gain of 72.25 points or 0.69 percent.

Provisional NSE data showed that in the previous session, foreign portfolio investors and domestic institutional investors sold and purchased net equities of Rs. 1,165.63 crore and Rs. 1,059.44 crore, respectively.

Infosys reported its September quarter net profit at Rs. 4,110 crore after the market hours. While Reliance Industries, which is due to report its second-quarter earnings later in the day, traded 0.92 percent higher.

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