🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Sensex jumps 349 points as HCL Tech and Tata Motors top gainers

Published 12-06-2024, 03:53 pm
© Reuters.  Sensex jumps 349 points as HCL Tech and Tata Motors top gainers

Mumbai, June 12 (IANS) Indian equity indices opened in green on Wednesday amid broad-based buying.

At 9:40 a.m., Sensex was at 76,806, up 349 points or 0.46 per cent, and Nifty was up 109 points or 0.47 per cent, at 23,374.

There is a positive trend in the market. The Nifty Midcap 100 index is up 307 points or 0.57 per cent at 53,974 points and the Nifty Smallcap 100 index is up 118 points or 0.68 per cent at 17,690 points.

Twenty-three out of 30 Sensex stocks are trading in green.

HCL Tech (NS:HCLT), Tata Motors (NS:TAMO), Tech Mahindra (NS:TEML), Wipro (NS:WIPR), Power Grid (NS:PGRD), Tata Steel (NS:TISC), and TCS (NS:TCS) are the top gainers. Asian Paints (NS:ASPN), HUL, Titan (NS:TITN), L&T, IndusInd Bank (NS:INBK), and Nestle (NS:NEST) India are the top losers.

India volatility index (India VIX) is down by over 2 per cent at 14.45 points.

According to market experts, "the 32 per cent decline in India VIX during the last 5 days indicates that the days of heightened volatility are over and the market has entered a consolidation phase. From now on the focus will be on fundamentals and news flows."

"Tonight’s US inflation numbers and the Fed policy outcome will influence the direction of the global equity market," they added.

Most of the markets in Asia are trading in the red. Tokyo, Hong Kong, Shanghai, Jakarta, and Bangkok are in the red. However, the Seoul market is in the green. US markets closed mixed on Tuesday.

Crude oil benchmark Brent crude is at $82 per barrel and WTI crude at $78 per barrel.



Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.