Markets Soar In Early Trade; Sensex Climbs 194 Points

Benchmark equity indices rose in early trade on Tuesday, driven by buying in HDFC Bank and Reliance Industries.

The 30-share BSE Sensex soared 194.9 points to 75,585.40 in early trade. The NSE Nifty advanced 59.95 points to 22,992.40.

Divi’s Labs, HDFC Life Insurance, Hindalco, ICICI Prudential, United Spirits, Dr Reddy’s Labs, Vedanta, Colgate-Palmolive, and Dabur India were the top gainers.

Among the laggards were IRFC, Bosch, Adani Power, Adani Green Energy, ABB India, Samvardhana Motherson, Bajaj Holdings, and HAL.

In Asian markets, Singapore, South Korea, Taiwan, Shanghai, Indonesia, and Hong Kong were trading higher, while Tokyo, Malaysia and Thailand were trading lower.

On Monday, US markets were closed in observance of the Memorial Day holiday.

Brent crude gained 0.23 percent to USD 83.29 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 541.22 crore on Monday.

On Monday, the Sensex dropped 19.89 points or 0.03 percent to 75,390.50, while the Nifty dipped 24.65 points or 0.11 percent to 22,932.45.

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