Sensex recovers 350 points, Nifty 12,200

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The Sensex market index, which increased earnings for the second session, gained 350 points on Wednesday, driven by HUL, ICICI Bank, Kotak Bank, RIL and HDFC Bank amid a positive trend in global stocks.

The 30-share BSE mark rose 349.76 points, or 0.85 percent, to 41,565.90. It reached an intraday high of 41,671.86.

Similarly, the broader NSE Nifty rose 93.30 points, or 0.77 percent, to 12,201.20.

HUL was the leader in the Sensex package with an increase of 5 percent, followed by Kotak Bank, Nestle India, ICICI Bank, Mahindra and Mahindra, Asian Paints and RIL.

On the other hand, SBI, IndusInd Bank, Sun Pharma, Ultratech Cement, PowerGrid and NTPC fell to 1.34 percent.

Domestic stocks saw positive momentum from global markets, which remained firm despite concerns about the Corona virus outbreak.

Investors were also waiting for inflation and production data to be released later in the day, they added.

Stock exchanges in Shanghai, Hong Kong, Tokyo and Seoul grew. The stock exchanges in Europe have also opened up positively.

Meanwhile, Brent crude futures rose 2.20 percent to $ 55.20 a barrel.

On the currency side, the Indian rupee depreciated 4 pairs to 71.32 per US dollar

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