Sensex surges 202 points at 58,449 while Nifty at 17,442 up by 63 points

IT stocks were in the red. Sensex, Nifty opened marginally higher on Wednesday.

On Wednesday, the domestic equity benchmark BSE Sensex was at 58,449.80, up 202.71 points, or 0.35%, while Nifty was at 17,442.85, up 62.85 points, or 0.36%.

Sensex, Nifty opened marginally higher on Wednesday. Global equity markets and U.S. bond yields fell on Tuesday after data showed inflation cooling in the United States, raising fresh questions on when the U.S. central bank will begin tapering its asset purchases. IT stocks were in the red. Among the stocks hitting the milestone were Titan, Bharti Airtel, HCL Tech, ONGC, L&T, Grasim and Karnataka Bank.

Zensar Tech, Varroc Engineering, Rossari, Jamna Auto, Force Motors and Workhardt, trading between seven percent and 13 percent higher, were among the top gainers in the BSE 500 universe. On the other hand, Trident, Sobha, Galaxy Surfactants, Caplin Point, Adani Green and Equitas, trading around two percent lower each, were the worst hit among some 110 laggards in the broadest index on the bourse.

Global equity markets and U.S. bond yields fell on Tuesday after data showed inflation cooling in the United States, raising fresh questions on when the U.S. central bank will begin tapering its asset purchases.

Shares in Asia-Pacific were lower in Wednesday morning trade following losses overnight on Wall Street, with investors awaiting the release of Chinese economic data. The Nikkei 225 in Japan declined 0.81% while the Topix index slipped 1.17%. South Korea’s Kospi sat below the flatline. The Dow Jones Industrial Average fell 292.06 points, or 0.84%, to 34,577.57; the S&P 500 lost 25.68 points, or 0.57%, at 4,443.05; and the Nasdaq Composite dropped 67.82 points, or 0.45%, to 15,037.76.

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