Equity benchmark indices rose in early trading on Wednesday, following strong global market trends and increased buying in Reliance Industries and ITC.
The 30-share BSE Sensex climbed 212.21 points to reach 74,165.52 in early trading, while the NSE Nifty increased by 48.35 points to 22,577.40.
Among the Sensex firms, major gainers included Reliance Industries, NTPC, Hindustan Unilever, Asian Paints, Nestle, and ITC. On the other hand, State Bank of India, Power Grid, JSW Steel, and Mahindra & Mahindra were among the laggards.
In Asian markets, Seoul, Shanghai, and Hong Kong were trading positively, while Tokyo quoted lower. Meanwhile, Wall Street closed in the green on Tuesday.
The global oil benchmark, Brent crude, declined by 0.69 percent to USD 82.31 a barrel.
According to exchange data, Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,874.54 crore on Tuesday.
On Tuesday, the BSE benchmark declined by 52.63 points or 0.07 percent to settle at 73,953.31, while the Nifty ended higher by 27.05 points or 0.12 percent at 22,529.05.
