The major stock indices, the Sensex and the Nifty, witnessed volatile trading during early trading on Wednesday, amidst waiting for any thudding from domestic and global markets. The stock market started in the morning on the red mark with a fall. During this period, the 30-share BSE Sensex opened down by 258 points, but soon rose 75.75 points or 0.19 percent to 40,597.85, registering an improvement. Similarly, the NSE Nifty was trading up 29.90 points or 0.25 percent at 11,919.30.
The Sensex saw the highest gain of 10 percent in Bharti Airtel. The quarterly results of the company have been much better than expected, which led to the rise. Apart from this, M&M, Maruti, Bajaj Finance, Bajaj Finserv, NTPC, Axis Bank and Infosys were also profitable. On the other hand, Kotak Bank, HDFC, HUL, ICICI Bank and Titan declined.
According to stock market data, foreign institutional investors bought shares worth Rs 3,514.89 crore on a gross basis on Tuesday. Meanwhile, international oil benchmark Brent crude was trading down 1.78 percent at US $ 40.87 a barrel.
The BSE Sensex gained 376.60 points to 40,522.10 and the NSE Nifty rose 121.65 points to close at 11,889.40 points yesterday. Kotak Bank shares rose 12 per cent yesterday amid reports of buying IndusBank. However, Indusand Bank denied the buyout.
Kotak did not deny the acquisition, but IndusInd Bank denied