<p>Sensex and Nifty, the two major market indices, were trading higher on Wednesday despite conflicting global signals and volatility. The S&P BSE Sensex increased 161 points to 73,219 at 10.05 am. Conversely, the NSE Nifty50 was up 47 points at 22,244 at that time.</p>
<p><img decoding=”async” class=”alignnone wp-image-427809″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-in-the-midst-of-volatility-the-sensex-gained-150-points-today-as-the-nifty-closed-.jpg” alt=”theindiaprint.com in the midst of volatility the sensex gained 150 points today as the nifty closed” width=”999″ height=”563″ title=”In the midst of volatility, the Sensex gained 150 points today as the Nifty closed over 22,200. ZEE Drops By 10% 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-in-the-midst-of-volatility-the-sensex-gained-150-points-today-as-the-nifty-closed-.jpg 720w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-in-the-midst-of-volatility-the-sensex-gained-150-points-today-as-the-nifty-closed–390×220.jpg 390w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-in-the-midst-of-volatility-the-sensex-gained-150-points-today-as-the-nifty-closed–150×84.jpg 150w” sizes=”(max-width: 999px) 100vw, 999px” /></p>
<p>Tata Steel, JSW Steel, M&M, IndusInd Bank, ICICI Bank, and UltraCemco were all trading higher on the 30-share Sensex platform. On the negative side, losses included Infosys, PowerGrid, HCLTech, NTPC, Bajaj Finance, and L&T. In terms of individual equities, Zee Entertainment’s shares fell 10% after the business made it clear that it is not engaged in any talks about the Sony merger proposal.</p>
<p>The BSE SmallCap index increased 0.48 percent while the BSE Midcap index gained 0.30 percent in the larger markets.</p>
<p>Sector-wise, the Nifty PSU Bank index increased by 0.8% while the Nifty Metal index surged by 1%. Conversely, the Nifty Media index had a 2% decline.</p>
<p>Tuesday’s prior session saw the NSE Nifty50 end trading at 22,197, up 75 points, and the S&P BSE Sensex conclude at 73,057, up 349 points.</p>
<p>US equities closed down on Tuesday, according to Deepak Jasani, Head of Retail Research at HDFC Securities, as investors awaited Nvidia’s earnings announcement on Wednesday and fresh hints about interest rates from Federal Reserve officials after last week’s inflation statistics. “US Fed officials will be speaking publicly, coupled with Wednesday afternoon’s release of minutes from the central bank’s January 30-31 meeting,” he said in a pre-market open note.</p>
<p>Asian markets showed varied results; the Nikkei 225 in Japan was trading almost flat, while the Hang Seng in Hong Kong and the SSE Composite Index in China both saw increases. European markets ended the week in mixed shape.</p>
<p>According to exchange statistics, Foreign Institutional Investors (FIIs) sold stocks worth Rs 1,335.51 crore on Tuesday, making them net sellers.</p>
<p>In early trading on Wednesday, the rupee rose 6 paise to 82.91 versus the US dollar, continuing its upward trend for the third consecutive session. This was due to the US dollar’s weakness and the optimism surrounding the share market.</p>
<p>However, economists noted that a strong increase in the value of the home currency was thwarted by selling pressure from foreign equities investors in light of the high level of crude oil prices. The local currency increased by 6 paise from its previous close to 82.91 versus the US dollar in the first dealings at the interbank foreign exchange. It had started at 82.90.</p>
