Sensex, Nifty settle higher for 4th consecutive day as RL, HDFC twins gain

Sensex, Nifty settle higher for 4th consecutive day as RL, HDFC twins gain

Benchmark stock indices Sensex and Nifty closed higher on Wednesday, rallying for the fourth straight session helped by buying in index majors Reliance Industries and HDFC twins.

The 30-share BSE Sensex rose by 146.59 points or 0.25 per cent to settle at 59,107.19. During the day, it rallied 439.09 points or 0.74 per cent to 59,399.69.

From the Sensex pack, Nestle, HDFC, Axis Bank, Reliance Industries, ITC, HDFC Bank and UltraTech Cement were the prominent winners.

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NTPC, State Bank of India, Bajaj Finserv, HCL Technologies, Dr Reddy’s, Infosys and Maruti were among the laggards.

Among other Asian markets, Seoul, Shanghai and Hong Kong ended lower, while Tokyo settled in the green.

Stock exchanges in Europe were trading on a mixed note in mid-session deals. Wall Street ended higher on Tuesday.

International oil benchmark Brent crude was trading 0.72 per cent higher at USD 90.54 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market on Tuesday as they offloaded shares worth Rs 153.40 crore, as per exchange data.