sensex

Snapping its three-session losing streak, benchmark BSE Sensex rallied 490 points on Wednesday as investors piled into index heavyweights Reliance Industries, HDFC duo, Infosys, ITC and ICICI Bank.

The benchmark indices were trading higher maintaining their early morning strength. PSU OMCs were rebounding after oil prices inched lower on the assurance of “adequate global supply”.

The benchmark BSE Sensex jumped over 100 points in early trade on Wednesday tracking record gains on Wall Street amid easing crude prices.

Equity benchmarks Sensex and Nifty ended in the negative terrain for the third session in a row on Tuesday as financial and auto stocks faced high selling pressure, while constant rise in crude oil prices reignited macro worries.

Nifty ends in red. Amidst the volatility, Dalal Street ended on a negative note. The market breadth indicating the health of the market was also weak.

The benchmark BSE Sensex rebounded over 180 points in early trade on Tuesday led by gains in index heavyweights RIL, HDFC Bank and ITC, amid unabated foreign fund inflow.

The India Volatility Index shot up to a three-year high of 24.05 on Monday, amid rising uncertainty over the new government formation and soaring crude oil prices.

The BSE Sensex on Monday crashed over 495 points and the NSE Nifty shed more than 158 points as macroeconomic worries resurfaced following reports that the US will end sanctions waiver on Iranian oil imports.

Dalal Street witnessed a sea of red with significant sell-off in today’s trade in the backdrop of rising crude oil prices, lacklustre global cues and overbought technical conditions.

The benchmark Sensex opened on a weak note on Monday, and was trading nearly 250 points lower owing to a steep rise in the crude oil prices. The Brent crude rose above the $73 a barrel mark.