Punjab Newsline | Mumbai
The Indian stock market opened on a strong note on Wednesday, with benchmark indices Sensex and Nifty registering significant gains amid strong buying activity. The BSE Sensex surged 1,162.98 points, or 1.43 per cent, to reach 82,269.63, while the NSE Nifty climbed 295.10 points, or 1.18 per cent, to trade at 25,339.75.
Banking and automobile stocks led the rally, with investors showing strong interest in shares from both sectors. The buying momentum provided significant support to the broader market and boosted investor sentiment.
Meanwhile, the Indian rupee strengthened by 7 paise to 93.70 against the US dollar in early trade on Wednesday. The gain was supported by sustained foreign capital inflows, softer crude oil prices and an improvement in geopolitical sentiment.
The strong opening reflects renewed optimism among investors, with both benchmark indices recording notable gains in early trading.
