Taking positive indications from global markets, the Indian stock market opened with an edge in the seventh consecutive trading session on Wednesday (23 April). The benchmark index Sensex initially rose over 500 points, while the Nifty-50 went beyond 24,300. IT shares such as Infosys, Tech Mahindra led by HCL Tech started with a strong gain.
On Tuesday, the BSE Sensex rose 187 points or 0.24 percent to close at 79,595. While the Nifty 50 (Nifty-50) closed at 24,167 with 41 points i.e. 0.17 per cent. FII on Tuesday bought shares worth Rs 1,290.43 crore for the fifth consecutive day, while DII made a net sale of Rs 885.63 crore.
Bounce in global markets
At the same time, there was a relief in the Asian markets. This happened due to positive signs from Wall Street. Asian markets rose due to US President Donald Trump’s possibility of reducing the trade war with China. Japan’s Nikkei rose 1.58 percent, while South Korea’s Kospi rose 1.12 percent.
On Tuesday, the US stock markets also saw a strong growth. The S&P 500 index increased by 2.51 percent, while Nasdaq Composite and Dow Jones Industrial Average fell by 2.71 percent and 2.66 percent respectively.
Trump has said that he has no intention of removing Jerome Powell, chairman of the Federal Reserve. However, they are demanding a cut in interest rates to promote development from the central bank. It received a positive indication from the US markets.
The results of 28 companies will come today
28 companies, including L&T Technology Services, Tata Consumer Products and Bajaj Housing Finance, will release their March quarter results on Wednesday 23 April. These companies will also share the performance of the entire financial year ended on 31 March 2025.
