Indian benchmark indices open with gains:Sensex surges 300 points; Nifty stays above 24,000 level

The share market is up on April 29. The Sensex is trading at the 77,200 level with a gain of 300 points. Nifty also has a gain of more than 100 points, it is trading at 24,100. Today there is more buying in Auto, IT and FMCG shares. Stocks like Maruti, ITC, Tech Mahindra, MM, Eternal, Reliance and Infosys were among the major gainers on the Sensex. Sectorally, on the NSE, barring metals and financial services, all other indices soared today with Nifty Auto rising the most by 1.16%. Asian shares mostly fell on Wednesday US markets ended lower in overnight deals Crude oil trading above $110 Brent crude oil prices have crossed $110 per barrel. This surge has come due to strong demand for oil in the market and increased concerns regarding the ‘Strait of Hormuz’. Hormuz is considered the most important route for oil supply. Rupee nears 95 per USD mark Meanwhile, the Indian rupee fell 24 paise to 94.81 against the US dollar on Wednesday. Market had witnessed gains yesterday Earlier yesterday, i.e., on April 28, the Sensex closed at 76,887 with a fall of 417 points (0.54%). Nifty also fell by 97 points (0.40%), closing at 23,996.