The Sensex rose more than 500 points in early trade on Wednesday, after advances in index stalwarts HDFC twins, Tata Steel, and Reliance Industries, as Asian markets remained upbeat.

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In early trade, the 30-share index was 515.05 points, or 0.90%, higher at 57,579.92. Likewise, the Nifty gained 185.15 points, or 1.09%, to 17,168.35.

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IndusInd Bank led the Sensex pack with a 3.21%, followed by Tech Mahindra, HDFC, Tata Steel, SBI, Asian Paints, and NTPC. On the other hand, Dr Reddy’s and PowerGrid were among the losers.

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The 30-share BSE index fell 195.71 points, or 0.34%, to 57,064.87 in the previous session. Similarly, the NSE Nifty fell 70.75 points, or 0.41%, to settle at 16,983.20, just below the 17,000-point level.

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According to exchange statistics, foreign institutional investors (FIIs) continued to be net sellers in the capital market on Tuesday, selling shares worth Rs 5,445.25 crore.

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In other Asian markets, bourses in Tokyo, Hong Kong, Shanghai, and Seoul were trading higher in mid-session trades. The overnight session on US stock markets finished with losses.

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Meanwhile, Brent crude, the international oil benchmark, slumped 3.91% to USD 70.57 a barrel. In early trade, the rupee climbs 23 paise to 74.90 against the US dollar.

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