Markets Rise In Early Trade On Rally In Asian Equities

Equities Benchmark indices Sensex and Nifty rose in early trade on Monday, mirroring positive trends in Asian markets and buying in blue-chip stocks.

The 30-share BSE Sensex soared 162.90 points, or 0.20 percent to 79,195.63 in early trading. The Nifty advanced 47.40 points, or 0.19 percent to 24,058.00.

Samvardhana Motherson, Vedanta, Bajaj Holdings, Wipro, Hero MotoCorp, Tech Mahindra, Grasim Industries, Siemens, LTIMindtree, and JSW Steel were the top gainers.

Among the laggards were NTPC, Zomato, JIO Financial Serv., Divi’s Labs, Trent, Apollo Hospitals, Power Grid Corp, and Avenue Supermarts.

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

US markets closed lower on Friday.

European markets ended on a mixed note on Friday.

Brent crude gained 0.52 percent to USD 85.44 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 23.09 crore on Friday.

On Friday, the Sensex dipped 210.45 points or 0.27 percent to 79,032.73, while the Nifty sank 33.90 points or 0.14 percent to 24,010.60.