Benchmark equity indices rebounded in early trade on Monday in tandem with a rally in Asian markets along with buying in blue chip firms HDFC Bank and Reliance Industries.
The 30-share BSE Sensex jumped 503.47 points to 71,204.14 points in the early trade. Nifty climbed 178.55 points to 21,531.15 points.
Among the Sensex firms, Sun Pharma, Axis Bank, Kotak Mahindra Bank, Power Grid, Larsen and Toubro, NTPC, ICICI Bank, HDFC Bank, and Reliance Industries were the major gainers.
JSW Steel, Infosys, ITC and Mahindra And Mahindra were among the laggards.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the positive territory. The US markets had ended on a mixed note on Friday.
Global oil benchmark Brent crude climbed 0.51 per cent to USD 83.98 a barrel.
Markets were closed on Friday on account of Republic Day. On Thursday, Sensex declined 359.64 points or 0.51 percent to settle at 70,700.67 points while Nifty fell 101.35 points or 0.47 per cent to 21,352.60 points.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,144.06 crore on Thursday, according to exchange data.
PTI
Also Read: ‘Aaya Kumar, Gaya Kumar’:Congress Leader Jairam Ramesh takes a dig at Nitish Kumar
This election is one of the most divisive in US history. Harris and Trump have…
Opposition members alleged that Pal calls JPC meetings without consulting them and restricts their opportunity…
The Delhi Police opposed Saifi’s bail, citing evidence from WhatsApp messages exchanged among the accused.…
To protect millions of devotees at Maha Kumbh, the UP govt is implementing advanced security…
This landmark event, organized at the historic Military Institute, will honor the sacrifices of the…
The Supreme Court has also paused the Allahabad High Court’s order for a survey of…