Daijiworld Media Network - Mumbai

Mumbai, Dec 10: After witnessing two straight days of heavy losses, the Indian equity markets staged a mild recovery on Wednesday, December 10, as investors indulged in value buying at lower levels.

In early trade, the 30-share BSE Sensex surged 259.31 points or 0.31% to 84,925.59. The broader 50-share NSE Nifty also gained traction, rising 64.65 points or 0.25% to 25,904.30.

Major Sensex gainers included Adani Ports, Bajaj Finserv, Kotak Mahindra Bank, Mahindra & Mahindra, Tata Steel, Trent, ITC, Tata Motors Passenger Vehicles, HCL Technologies, Reliance Industries, Tech Mahindra and UltraTech Cement, helping the market sentiment turn positive.

Across Asian markets, Shanghai’s SSE Composite Index, Hong Kong’s Hang Seng and Japan’s Nikkei 225 were trading weak, while South Korea’s KOSPI showed resilience in the green.
On the global front, Wall Street closed mostly lower on Tuesday, weighing on investor mood.

Foreign Institutional Investors (FIIs) continued to offload Indian equities, emerging as net sellers worth ?3,760.08 crore on Tuesday. In contrast, Domestic Institutional Investors (DIIs) provided strong support, purchasing stocks worth ?6,224.89 crore.

Brent crude prices inched up 0.15% to USD 62.03 per barrel, offering some relief on the commodities front.

On Tuesday, the Sensex had slipped 436.41 points to close at 84,666.28, while the Nifty declined 120.90 points to settle at 25,839.65 — marking a near two-week low for both indices.