Mumbai: Benchmark indices Sensex and Nifty were trading higher in early trade on Wednesday amid fresh foreign fund inflows and a positive sentiment following the India-US trade deal. However, a sharp fall in IT stocks capped the market's gains.
The 30-share BSE Sensex rose 68.49 points to 83,816.96 in early trade. The 50-share NSE Nifty rose 51.90 points to 25,779.45. Among the Sensex companies, Mahindra & Mahindra, Power Grid, Reliance Industries, NTPC, ICICI Bank and ITC were among the top gainers. Infosys, Tata Consultancy Services, HCL Tech and Tech Mahindra were the top losers, falling up to 5 per cent.
Foreign institutional investors turned buyers on Tuesday, buying equities worth Rs 5,236.28 crore, according to exchange data. Domestic institutional investors bought shares worth Rs 1,014.24 crore.
Rupee falls 22 paise to 90.54/dollar after India-US trade talks pick up