Business

Markets recover in early trading following two days of declines

Following two days of declines, equity benchmark indexes rose in early trade on Tuesday, reflecting a bullish trend in global markets and buying in Reliance Industries and HDFC Bank.

In early trade, the 30-share BSE Sensex surged 268.31 points to 65,923.46. The Nifty climbed 85.1 points to 19,779.10.

JSW Steel, Tata Steel, Titan, Reliance Industries, HDFC Bank, and Infosys were the top gainers on the Sensex.

Among the laggards were Larsen & Toubro, Maruti, Nestle, and Hindustan Unilever.

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were all up.

On Monday, the US markets finished in the green.

Brent crude fell 0.4 percent to USD 81.96 a barrel.

According to market statistics, foreign institutional investors (FIIs) sold securities worth Rs 645.72 crore on Monday.

On Monday, the BSE benchmark slid 139.58 points, or 0.21 percent, to 65,655.15. The Nifty lost 37.80 points (0.19 percent) to 19,694.

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Spriha Rai

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