Sensex crosses 72,000 points and exceeds Nifty sitting at 21,964

Shanghai quoted in the green as Seoul, Tokyo, and Hong Kong traded lower on Asian markets. Keep reading to know which companies gained and which companies lost out on Wednesday.

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Shanghai quoted higher while Seoul, Tokyo, and Hong Kong traded lower on Asian markets. Early on Thursday, benchmark indices for equity markets saw gains, but as the month-end derivatives expiry approached and global market cues became slow, they saw fluctuating movements.

In early trading, the 30-share BSE Sensex increased by 93.51 points to 72,398.39. The Nifty increased to 21,963.70, up 12.55 points. The two benchmark indices experienced volatility at a later time.

Status of companies 

Reliance Industries, Maruti, Titan, Mahindra & Mahindra, IndusInd Bank, and State Bank of India were the top gainers among the Sensex companies.

Among the companies not experienced less gains were Power Grid, Axis Bank, Hindustan Unilever, and Kotak Mahindra Bank.

Foreign Institutional Investors 

On Wednesday, the US markets saw a little decline at the close.
Exchange data indicates that on Wednesday, equities worth ₹1,879.23 crore were offloaded by Foreign Institutional Investors (FIIs).

The BSE benchmark dropped 790.34 points, or 1.08 percent, to end the day at 72,304.88. The Nifty closed at 21,951.15, down 247.20 points, or 1.11 percent.

V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services informed that the market's extreme volatility has abruptly made it unpredictable. Since today is the final day of the monthly expiry, the volatility will persist as well. The benchmark for global oil, Brent crude, fell 0.17 percent to USD 83.54 a barrel.

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