The domestic stock markets opened with modest gains on Wednesday as easing crude oil prices supported investor sentiment, even as geopolitical tensions in the Middle East continued to remain in focus.
Over the past five sessions, the Sensex has advanced around 2.3 per cent and the Nifty about 2 per cent, lifted by optimism around proposed Goods and Services Tax (GST) reforms. Experts note that strong domestic inflows and stable global cues have further strengthened investor confidence.
Indian equity benchmarks opened with gains on Friday with global cues remain broadly positive, the uncertainty on the domestic front capped gains for Indian indices due to skirmishes on the India-Pakistan border.
Indian equity markets started the Tuesday session on a positive note, supported by strong inflows from foreign portfolio investors (FPIs) and domestic institutional investors (DIIs).
At the time of market closing, the BSE Sensex had surged by 267.43 points to reach a closing value of 65,216.09. Simultaneously, the NSE Nifty index climbed by 83.45 points, ending the trading session at 19,393.60.
Better-than-anticipated financial results from Indian firms in the March quarter also contributed to the positive market sentiment. All sectoral indices on the NSE, except for the Nifty FMCG index, closed higher
BSE LargeCap rose 11.18 points to 6,909.22 with Maruti, Gail, Bosch, NTPC as active stocks on the index. BSE SmallCap declined 177.55 points to 28,688 while BSE MidCap went down 104.37 points to 25,047.34 level.