Stock Market: Sensex and Nifty Rebound on Wednesday Trading

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Sensex and Nifty rebounded in early trading on Wednesday, driven by buying in key index players like Reliance Industries and Maruti. The BSE Sensex rose by 270.18 points to 72,740.48, while the NSE Nifty increased by 87.35 points to 22,092.05.

Major gainers in the Sensex basket included Reliance Industries, Maruti, NTPC, Tata Motors, Axis Bank, Bajaj Finance, Hindustan Unilever, and Larsen & Toubro, while Infosys, Wipro, IndusInd Bank, and Nestle lagged behind.

Asian markets saw mixed trends, with Tokyo in positive territory while Seoul, Shanghai, and Hong Kong traded lower. Wall Street ended negatively on Tuesday.

Foreign Institutional Investors (FIIs) turned net buyers on Tuesday, purchasing equities worth Rs 10.13 crore. Market focus now shifts to key economic data and the upcoming earnings season. Volatility is anticipated to increase ahead of the futures and options (F&O) expiry.

Global oil benchmark Brent crude decreased by 0.90 percent to USD 85.47 a barrel. On Tuesday, the BSE benchmark settled at 72,470.30, down 361.64 points or 0.50 percent, while the NSE Nifty dropped 92.05 points or 0.42 percent to 22,004.70.

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