Business

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.

Spriha Rai

Recent Posts

Govt Takes Action To Boost Pulses Production, Extends Free Import Of Tur Dal

The Centre is ramping up efforts to procure pulses, including tur, urad, and lentils, from…

24 mins ago

Govt Disburses ₹1,596 Crore Under PLI Schemes For Six Sectors

The government has released ₹1,596 crore under its Production-Linked Incentive (PLI) schemes for six sectors…

56 mins ago

Deloitte Revises India’s GDP Growth Forecast To 6.5-6.8% For 2024-25

Deloitte India has revised its 2024-25 GDP growth projection to 6.5-6.8%, citing global trade and…

1 hour ago

India Launches New Diamond Imprest Authorization Scheme To Boost Sector

In a bid to bolster India's position as a global leader in the diamond trade,…

1 hour ago

Direct Selling Industry In Northeast India Sees Significant Growth, Led By Assam

The direct selling industry in Northeast India grew to Rs 1,854 crore in 2022-23, up…

2 hours ago

Davos 2025: India’s Workforce ‘Skilled & Hungry To Learn,’ Says Siemens’ Peter Koerte

Siemens reaffirmed its commitment to India's growth and investments, as stated by Peter Koerte in…

2 hours ago