<p>Domestic equity benchmarks traded higher on Wednesday during the <a href="https://www.mid-day.com/business/business-news/article/stock-market-update-sensex-jumps-over-275-points-nifty-tops-24000-as-investors-eye-q1-earnings-23637526" rel="nofollow">morning bell</a>, tracking firm global cues, although concerns over a weak monsoon continued to weigh on the market outlook.&nbsp;</p>
<p>As per IANS, Sensex jumped over 200 points or 0.28 per cent to hit an intraday high of 76,697.37 in early trade. Similarly, Nifty rose 70 points or 0.28 per cent to 23,934.90.</p>
<h2>Sectoral indices</h2>
<p>Sectorally, buying was seen in media, auto, consumer durables, FMCG, IT, realty and pharma stocks. Nifty Media index gained over 1 per cent, followed by Nifty Auto and Nifty Consumer Durables -- both of which surged more than 1 per cent.</p>
<p>On the other hand, Nifty Metal was the <a href="https://www.mid-day.com/business/business-news/article/stock-market-updates-sensex-nifty-open-lower-as-fresh-us-iran-hostilities-dampen-sentiment-23637374" rel="nofollow">biggest laggard</a>, falling 0.61 per cent, while Nifty Chemicals and Nifty MidSmall IT &amp; Telecom also traded lower.</p>
<p>Among the Nifty constituents, Bajaj Finserv, Bajaj Finance, Hindalco Industries, HDFC Life, Tech Mahindra, JSW Steel, Coal India, NTPC and Larsen &amp;amp; Toubro were among the top losers.</p>
<h2>Global markets and crude oil prices</h2>
<p>Meanwhile, crude oil prices edged higher, with global benchmark Brent crude rising 0.72 per cent to USD 73.48 a barrel, while US West Texas Intermediate (WTI) crude gained 1 per cent to USD 70.19 a barrel.</p>
<p>While the Indian indices did open in green on Wednesday, Asian markets traded mixed, with Japan's Nikkei gaining 0.8 per cent, while Hong Kong's Hang Seng fell 0.64 per cent and South Korea's KOSPI declined nearly 1 per cent.</p>
<p>Overnight in the US, Wall Street ended higher, with the S&amp;P 500 gaining 0.79 per cent and the Nasdaq closing 1.52 per cent higher.</p>
<h2>Expert opinion</h2>
<p>According to market experts, while <a href="https://www.mid-day.com/business/personal-finance/article/weekly-round-up-sensex-nifty-extend-winning-streak-for-third-week-as-crude-oil-prices-ease-23637123" rel="nofollow">global factors continue to support equities</a>, the weak monsoon remains the biggest domestic concern, as cited by news agency IANS.</p>
<p>Analysts, while expressing their views on the market after peace talks between Iran and the US have been going on for the last two weeks, said that a prolonged rainfall deficiency could affect rural demand and stoke inflation, prompting investors to rebalance portfolios towards defensive sectors such as healthcare, pharmaceuticals, power, and select defence stocks.</p>
<p><strong>(With inputs from IANS)</strong></p>
<p>&nbsp;</p>

Sensex rose over 200 points and Nifty traded above 23,900 in early trade, driven by positive global cues. Investors remained cautious over weak monsoon concerns

Stock market update: Sensex jumps 200 points, Nifty trades above 23,900

Nayara Energy cuts petrol prices by Rs 5 and diesel by Rs 3 as crude oil eases

The Sensex climbed over 200 points while the Nifty crossed 23,900 in early trade on Wednesday, supported by strong global market cues. Auto, IT, FMCG and media stocks led the gains, although concerns over a weak monsoon and its impact on inflation and rural demand remained in focus

Sensex jumps 200 points, Nifty trades above 23,900

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Ganeshotsav 2026

Home / Business / Business News / Article / Sensex jumps 200 points, Nifty trades above 23,900