Nifty trades above 19,800, Sensex flat

Equity benchmark indices rose in early trade on Tuesday, aided by fresh foreign fund inflows, but later traded flat as volatility tendencies emerged.

In early trade, the 30-share BSE Sensex climbed 128.76 points to 66,098.80. The Nifty increased by 53.35 points to 19,848.05. However, both benchmark indices thereafter experienced erratic patterns and were trading modestly higher. Currently, Nifty is trading above 19,800, and Sensex is flat.

UltraTech Cement, Bajaj Finserv, Tata Steel, Wipro, Tata Motors, Titan, Asian Paints, and State Bank of India were the top gainers on the Sensex.

Among the laggards were HCL Technologies, Reliance Industries, ICICI Bank, Infosys, and IndusInd Bank.

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

On Monday, US markets finished modestly down.

Brent crude gained 0.29 percent to US$80.21 a barrel.

On Monday, the equity markets were closed in observance of Guru Nanak Jayanti.

According to market data, Foreign Institutional Investors (FIIs) purchased securities worth Rs 2,625.21 crore on Friday.

On Friday, the BSE benchmark fell 47.77 points, or 0.07 percent, to 65,970.04. The Nifty lost 7.30 points, or 0.04 percent, to 19,794.70.

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