MUMBAI — Market benchmark indices Sensex and Nifty were trading higher in early trade on Wednesday, extending their rally for the fifth day running, propelled by foreign fund inflows and easing crude oil prices, PTI reported. The 30-share BSE Sensex climbed 288 points to 77,185.35 in early trade, while the 50-share NSE Nifty was up 77.25 points to 23,890.85. Among the Sensex firms, Bharat Electronics, ITC, Adani Ports, HDFC Bank, Bajaj Finserv and State Bank of India were among the biggest winners in early trade, PTI reported.

Source: PTI via The Sen Times

The rupee strengthened by 14 paise to 94.61 against the US dollar in early trade on Wednesday, supported by receding crude oil prices, a weaker US dollar and inflows of foreign funds, The Hindu BusinessLine reported. In the interbank foreign exchange market, the rupee opened at 94.61 and rose to 94.50 before paring some gains to trade at 94.61, up 14 paise from its previous close; the currency had risen 9 paise to close at 94.75 on Tuesday. Buying momentum in domestic equities also favoured the rupee even as investors awaited the outcome of the US midterm elections, forex traders said.

Source: The Hindu BusinessLine

77,185.35Sensex in early trade, up 288 points — fifth straight day of gains (PTI)
23,890.85Nifty in early trade, up 77.25 points (PTI)
94.61Rupee vs US dollar in early trade, up 14 paise; intraday high 94.50 (BusinessLine)
Rs 6,836.81 crFII net equity purchases on Tuesday, third straight day of buying (exchange data via BusinessLine)
$103.2Brent crude per barrel, down 0.43% (PTI)

Foreign Institutional Investors remained net buyers for the third consecutive day on Tuesday and purchased equities worth Rs 6,836.81 crore, according to exchange data cited by BusinessLine, while Brent crude, the global oil benchmark, traded 0.43 per cent lower at USD 103.2 per barrel. The Daily Jagran, reporting the same early session, quoted market watchers attributing the changed mood to the reversal of the FII stance towards India, and noted that on Tuesday the Sensex had jumped 1,225.07 points, or 1.62 per cent, to settle at 76,917.85. Sources: PTI; The Hindu BusinessLine; The Daily Jagran.

Source: The Daily Jagran