“Sensex, Nifty Continue Winning Streak as Reliance and ITC Lead Gains; US Markets Support”

Equity benchmark indices rose in early trade on Wednesday, marking the fourth consecutive day of gains. This was driven by buying in Reliance Industries and ITC, as well as a positive trend in the US markets. The 30-share BSE Sensex gained 138.53 points to reach 73,243.14, while the NSE Nifty rose by 60.7 points to 22,278.55. Notable gainers from the Sensex pack included NTPC, Tata Steel, Bharti Airtel, ITC, Reliance Industries, Power Grid, State Bank of India, Tata Motors, Bajaj Finserv, and Bajaj Finance. On the other hand, HDFC Bank, JSW Steel, UltraTech Cement, and Hindustan Unilever were among the stocks that lagged. In Asian markets, Tokyo traded positively while Shanghai saw a decline. Wall Street closed with gains on Tuesday. The global oil benchmark, Brent crude, rose by 0.72% to reach USD 82.96 a barrel. Foreign Institutional Investors (FIIs) sold equities worth Rs 4,065.52 crore on Tuesday, according to exchange data. On Tuesday, the BSE benchmark rose by 328.48 points or 0.45% to settle at 73,104.61, while the NSE Nifty gained 113.80 points, or 0.51%, to reach 22,217.85.