Benchmark indices Sensex and Nifty advanced during early trading on Wednesday amid purchases of major stocks including Reliance Industries and ICICI Bank, along with softer crude oil prices.
The 30-share BSE Sensex gained 303.73 points to reach 74,222.49 in initial sessions. The 50-share NSE Nifty increased 85.40 points to 23,327.50.
Among Sensex companies, Hindustan Unilever, Reliance Industries, Kotak Mahindra Bank, Asian Paints, Trent and ICICI Bank led gains. Tata Steel, Eternal Ltd, Adani Ports and Tech Mahindra lagged.
Brent crude, the global oil benchmark, traded near $91.90 per barrel.
Analysts noted markets may overlook recent West Asia tensions as temporary, with softer crude prices supporting this view. Brent remained below $93 despite developments, according to V.K. Vijayakumar of Geojit Investments Limited. He also highlighted growing fatigue in global AI-related trading.
Asian markets including South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng traded lower. U.S. markets closed mostly down on Tuesday.
Cooling crude prices were viewed positively for India, easing inflation and current account pressures, said Hariprasad K. of Livelong Wealth.
Foreign institutional investors sold equities worth ₹4,566.03 crore on Tuesday. On that day, Sensex rose 394.50 points to close at 73,918.76, while Nifty gained 119.10 points to finish at 23,242.10.
