Business

Markets Recover In Early Session As Global Rally

Equity benchmark indices Sensex and Nifty recovered in early trading on Monday, coinciding with a surge in global markets.

The 30-share BSE Sensex surged 411.15 points to 74,141.31 in early trade. The NSE Nifty soared 94.2 points to 22,514.15.

IOCL, IndusInd Bank, BPCL, ICICI Bank, Tata Steel, Zydus, Kotak Mahindra Bank, SBI Life Insurance, and Tech Mahindra were the top gainers.

Among the laggards were Apollo Hospitals, HCL Technologies, SBI Cards, DLF, Bajaj Auto, and HDFC Life Insurance.

In Asian markets, Shanghai, Tokyo, South Korea, Hong Kong, Taiwan, and Malaysia all were trading in the positive territory.

US markets concluded with gains on Friday.

Brent crude lost 0.89 percent to USD 88.70 per barrel.

According to the exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 3,408.88 crore on Friday.

On Friday, the Sensex dipped 609.28 points or 0.82 percent to 73,730.16, while the Nifty sank 150.40 points or 0.67 percent to 22,419.95.

Also read: Markets End Five-Day Rally As Sensex Drops More Than 600 Points

Spriha Rai

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