Business

Share Markets Firm Up On Buying In IT Equities

Equity benchmark indices rose in early trade on Tuesday, driven by buying in IT majors such as Tata Consultancy Services and Infosys, as well as fresh foreign capital inflows.

The 30-share BSE Sensex soared 243.4 points to 71,974.82 in early trade. The Nifty advanced 72.9 points to 21,844.60.

Tata Consultancy Services, Bharti Airtel, HCL Technologies, Wipro, Maruti, Infosys, Tech Mahindra, Tata Motors, Hindustan Unilever, and Mahindra & Mahindra were the Sensex’s top gainers.

Among the laggards were Power Grid, NTPC, Axis Bank, and JSW Steel.

In Asian markets, Seoul and Tokyo were trading lower, while Shanghai and Hong Kong were trading higher.

On Monday, the US markets concluded in the red.

Brent crude gained 0.08 percent to USD 78.05 per barrel.

According to the exchange data, Foreign Institutional Investors (FIIs) bought securities worth Rs 518.88 crore on Monday.

On Monday, the BSE benchmark sank 354.21 points or 0.49 percent to 71,731.42, while the Nifty dropped 82.10 points or 0.38 percent to 21,771.70.

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Spriha Rai

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