Markets open higher on strong domestic fundamentals

Sensex and Nifty continued their upward march on Wednesday on the back of strong domestic macroeconomic fundamentals and firm global market trends. The 30-share BSE Sensex jumped 289.93 points to 71,626.73 in early trade. The Nifty climbed 90.45 points to 21,531.80.

Among the Sensex stocks- UltraTech Cement, Bajaj Finance, Bajaj Finserv, Tata Motors, Larsen & Toubro and Power Grid were the major gainers.

Asian Paints, NTPC, Maruti and Hindustan Unilever were among the laggards.

The US markets ended in positive territory on Tuesday. Global oil benchmark Brent crude declined 0.07 per cent to USD 81.01 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 95.20 crore on Tuesday, according to exchange data.

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