On Wednesday, the benchmark indices for Indian equities, the Sensex and Nifty50, began the day with gains.

On January 30, the foreign portfolio investors (FPIs) turned out to be the net sellers of shares worth Rs 6,792.80 crore and the domestic institutional investors (DIIs) turned out the net buyers of shares worth 5,512.63 crore. 

Talking about stock specific action, Adani Group stocks were in limelight and some of the stocks from this group hit lower circuit limit and in view of high volatility seen in these stocks, BSE has decided to revise circuit limit of 10 stocks which includes three stocks of Adani Group.

On Monday, the price of oil increased as China's tough Covid regulations began to loosen, OPEC maintained its output level, and the US Fed continued on its course of rate hikes to tackle the country's rising inflation.