Sensex climbs 166 points in early trade amid fresh foreign fund inflows

People locomotion past the Bombay Stock Exchange (BSE) gathering successful Mumbai. File photo | Photo Credit: REUTERS

Equity benchmark indices began the commercialized connected a steadfast enactment connected Wednesday (November 27, 2024) amid caller overseas money inflows and a rally successful the US markets.

Concerns implicit tariff threats by U.S. President-elect Donald Trump, however, instilled volatility successful the marketplace during the greeting trade.

The BSE benchmark Sensex climbed 166.1 points to 80,170.16 successful aboriginal trade. The NSE Nifty went up 74.35 points to 24,268.85.

However, aboriginal some the benchmark indices turned volatile. The BSE benchmark gauge traded 60.26 points higher astatine 80,055.58 and the Nifty quoted 16.55 points up astatine 24,211.10.

From the 30-share Sensex pack, Mahindra & Mahindra, Kotak Mahindra Bank, Adani Ports, HCL Technologies, Tech Mahindra and NTPC were among the gainers.

IndusInd Bank, Bharti Airtel, Tata Steel, UltraTech Cement were among the laggards.

Foreign Institutional Investors (FIIs) bought equities worthy ₹1,157.70 crore connected Tuesday (Novembe 27, 2024), according to speech data.

"Trump's renewed tariff threats connected China, Mexico, and Canada dampened sentiment, fuelling commercialized hostility fears," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.

In Asian markets, Shanghai and Hong Kong were trading successful the greenish portion Seoul and Tokyo quoted lower.

The US markets ended successful the affirmative territory connected Tuesday.

"President-elect Trump has already started declaring what helium intends to bash instantly upon his taking office. 25 per cent tariffs connected Mexican and Canadian imports and an further 10 per cent tariffs connected Chinese imports person already been announced. How these countries respond to these tariffs remains to beryllium seen," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

Market is apt to consolidate astir the existent levels since determination are nary contiguous triggers for a breakout oregon a interruption down, helium added.

Global lipid benchmark Brent crude climbed 0.05 per cent to USD 72.85 a barrel.

The BSE benchmark declined 105.79 points oregon 0.13 per cent to settee astatine 80,004.06 connected Tuesday. The Nifty dipped 27.40 points oregon 0.11 per cent to 24,194.50.

Published - November 27, 2024 10:28 americium IST