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Stock Market News: Markets climb in early trade on firm global trends; Buy Reliance, ITC

Stock traders view file image of stock prices on screen.

Stock traders view file image of stock prices on screen. | Photo credit: Vivek Bendre

Equity benchmarks climbed higher in early trade on Wednesday on firmer global market trends and buying orders in Reliance Industries and ITC.

The 30-share BSE Sensex rose 212.21 points to 74,165.52 points in early trade. NSE Nifty gained 48.35 points to 22,577.40 points.

Among Sensex companies, Reliance Industries, NTPC, Hindustan Unilever, Asian Paints, Nestle and ITC were the top gainers.

State Bank of India, Power Grid, JSW Steel and Mahindra & Mahindra are among the laggards.

In Asian markets, prices were trading higher in Seoul, Shanghai and Hong Kong, while quotes were lower in Tokyo.

Wall Street closed higher on Tuesday.

Global oil benchmark Brent crude fell 0.69% to $82.31 a barrel.

Foreign institutional investors (FIIs) sold shares worth Rs 1,874.54 crore on Tuesday, according to exchange data.

On Tuesday, the BSE benchmark fell 52.63 points or 0.07% to end at 73,953.31 points. However, the Nifty closed 27.05 points or 0.12% higher at 22,529.05.

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