The benchmark index of the equities markets rose by 68 points in early morning trade on Wednesday, widening gains for the third straight session on continuous buying by funds in select bluechips, amid a certain trend in the Asian region.
The benchmark index of the equities markets rose by 68 points in early morning trade on Wednesday, widening gains for the third straight session on continuous buying by funds in select bluechips, amid a certain trend in the Asian region.
The 30-share index, which had achieved 71.28 points in the previous two sessions, rose further by 67.56 points, or 0.34 percent, to 19,871.59 points following profits in IT, metal, auto and FMCG sector stocks.
Correspondingly, the National Stock Exchange index Nifty moved up by 18.85 points, or 0.32 percent to 5,869.05 points.
Brokers said that constant buying by funds amid a fixed trend in other Asian bourses, as shareholders anticipate the result of the US Federal Reserve meeting, mainly improved the trading response.
IT stocks such as TCS, Wipro and HCL remained in demand as the rupee weakened by 9 paisa against the dollar, ahead of Fed policy meeting outcome.
Reportedly, among other Asian markets, Hong Kong’s Hang Seng index rose by 0.14 percent, while Japan’s Nikkei gained 0.70 percent.
The US Dow Jones Industrial Average ended 0.23 percent higher in yesterday’s trade.
