Stock Market News: After falling for two days, benchmark equity indices rose early on Thursday as the world’s markets recovered.
The largest gainers among the Sensex companies were Titan, ICICI Bank, Larsen & Toubro, Infosys, Tata Consultancy Services, ITC, and Tata Motors.
The backwards ones were Power Grid and Nestle.
Seoul, Tokyo, Shanghai, and Hong Kong were all trading in the black on Asian markets.
On Wednesday, the US stock market recorded a positive closing price.
Benchmark Brent crude for world oil increased 0.71 percent to USD 86.42 per barrel.
According to exchange statistics, foreign institutional investors (FIIs) sold shares of stock on Wednesday totaling Rs 4,424.02 crore.
The triple combination of a rising currency, rising US bond yields, and rising crude prices is gradually abating, opening the door for a market rebound. The minor decrease in the dollar’s value and the rates on US government bonds are insufficient to reverse the high level of selling by FIIs that has persisted. But the dramatic decline in the price of Brent crude to USD 86 is quite encouraging.
On Wednesday, the BSE benchmark decreased by 286.06 points, or 0.44 percent, to close at 65,226.04. To finish at 19,436.10, the Nifty dropped 92.65 points, or 0.47 percent.