Benchmark indices <a href="https://www.mid-day.com/business/stock-market/article/stock-market-updates-sensex-nifty-rally-as-iran-israel-ceasefire-hopes-boost-sentiment-23634335" rel="nofollow">Sensex and Nifty climbed in early trade </a>on Wednesday amid buying in blue-chip stocks Reliance Industries, ICICI Bank and cooling crude oil prices.
The 30-share BSE Sensex rallied 303.73 points to 74,222.49 in early deals. The 50-share NSE Nifty went up by 85.40 points to 23,327.50.
From the 30-Sensex firms, Hindustan Unilever, Reliance Industries, Kotak Mahindra Bank, Asian Paints, Trent and ICICI Bank were among the biggest winners. Tata Steel, Eternal Ltd, Adani Ports and<a href="https://www.mid-day.com/business/stock-market/article/stock-market-crash-sensex-falls-over-by-1000-points-nifty-slips-below-23550-amid-heavy-selling-23632770" rel="nofollow"> Tech Mahindra were among the laggards</a>.
Brent crude, the global oil benchmark, traded at around USD 91.90 per barrel. "The market is likely to largely ignore the escalation of the conflict in West Asia as a one off. The softness in crude price indicates that. Despite the escalation, Brent crude continues to trade below USD 93 level," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.
A significant trend in global markets is the fatigue that is creeping in AI trade, he added.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng index quoted lower.
US markets ended mostly lower on Tuesday. "For Indian markets, a key positive is the cooling in crude oil prices. Brent crude has slipped below recent highs, easing some pressure on India's inflation outlook and current account concerns," Hariprasad K, Research Analyst and Founder, Livelong Wealth, said.
<a href="https://www.mid-day.com/business/stock-market/article/stock-market-updates-sensex-falls-304-points-nifty-ends-below-23500-as-it-stocks-drag-market-23633480" rel="nofollow">Foreign Institutional Investors (FIIs) offloaded equities</a> worth Rs 4,566.03 crore on Tuesday, according to exchange data. On Tuesday, the Sensex climbed 394.50 points, or 0.54 per cent, to settle at 73,918.76. The Nifty ended 119.10 points, or 0.52 per cent, higher at 23,242.10
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.

Stock market updates: Indian equity markets opened higher on Wednesday, with benchmark indices Sensex and Nifty gaining in early trade

Stock market updates: Sensex, Nifty advance in early trade despite weak global cues

Sensex, Nifty end in green as PSU banks and realty stocks gain

 Buying interest in major stocks such as Reliance Industries and ICICI Bank, along with easing crude oil prices, supported the rally. However, some stocks like Tata Steel and Adani Ports traded lower

Sensex, Nifty rise in open as Reliance, ICICI Bank lift markets

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