Image Source : PTI Business stock exchange building.

Indian stock markets opened with optimism on Wednesday morning, with the benchmark BSE Sensex and Nifty soaring in early trades. The BSE Sensex gained 206 points, reaching 76,663 levels, while the Nifty50 surged by 0.34 per cent to 23,344 levels. Tech Mahindra, Tata Motors, HCL Tech, TCS, and Powergrid were the top gainers on the Sensex, while Bharti Airtel, Axis Bank, ICICI Bank, Asian Paints, and Ultratech Cement were among the losers. On the Nifty50, BPCL, Wipro, and LTIMindtree were the top performers, whereas NTPC, Grasim Industries, and Titan led the losses.

Broader indices outperformed the benchmarks, with the MidCap index rising by 0.49 per cent and the SmallCap index gaining more than 0.62 per cent. 

Asia-Pacific markets displayed a mixed performance on Wednesday, as investors awaited inflation data from India and assessed the inflation print of China. China’s inflation increased by 0.3 per cent in May, against an expectation of 0.4 per cent. Investors are also eyeing the upcoming decision by the US Federal Reserve, scheduled for Wednesday.

In the Asian market, Japan’s Nikkei 225 dropped by 0.79 per cent, while the broader Topix index slipped by 0.63 per cent. South Korea’s Kospi was up 0.35 per cent, and the small-cap Kosdaq index surged by 0.37 per cent. However, Australia’s S&P/ASX 200 experienced a decline of 0.72 per cent, while Hong Kong’s Hang Seng index futures were down by 0.78 per cent.

Overnight on Wall Street, the S&P 500 index and the Nasdaq Composite rose to fresh closing highs, gaining 0.27 per cent and 0.88 per cent, respectively. On the other hand, the Dow Jones Industrial Average shed 0.31 per cent.

Also read | Sensex rises 200 points, Nifty surpasses 23,300; realty and PSU banks lead sectoral gains

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