Equity Markets Soar In Early Trade Owing To Positive Global Trends

The benchmark equity indices Sensex and Nifty climbed in early trade on Tuesday owing to positive global trends and new foreign fund inflow.

The BSE Sensex inched up 242.54 points, or 0.31 percent to 77,235.31 in early trade. The NSE Nifty went up 105.45 points, or 0.45 percent to 23,570.80.

Samvardhana Motherson, HAL, Wipro, Titan Adani Enterprises, Mahindra & Mahindra, Power Grid Corp, Bharat Electronics, and Bosch were the top gainers.

Among the laggards were Zydus, Maruti Suzuki, ABB India, Dr Reddy’s Lab, TVS Motor Company Divi’s Labs, and Cholamandalam Invest.

In Asian markets, Singapore, Hong Kong, Tokyo, South Korea, Shanghai, Thailand, Malaysia, and Taiwan were trading higher, while Indonesia was trading lower.

US markets ended with gains on Friday.

European markets closed higher on Friday.

Brent crude lost 0.15 percent to USD 84.12 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) bought equities worth Rs 2,175.86 crore on Friday.

On Friday, the Sensex soared 181.87 points, or 0.24 percent to 76,992.77, while the Nifty moved 766.70 points, or 0.29 percent to 23,465.60.

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