Mumbai, May 14 (PTI) Equity benchmark indices climbed in early trade on Tuesday amid buying in Reliance Industries, State Bank of India and as retail inflation eased to an 11-month low of 4.83 per cent in April.

The 30-share BSE Sensex climbed 225.92 points to 73,002.05 in early trade. The NSE Nifty went up by 78.65 points to 22,182.70.

Also Read | UN Aid Worker Killed in Firing in Gaza Identified As Waibhav Anil Kale From India.

From the Sensex basket, JSW Steel, Power Grid, NTPC, Mahindra & Mahindra, Reliance Industries and State Bank of India were the major gainers.

Nestle, Asian Paints, Axis Bank and ITC were among the laggards.

Also Read | Mumbai Weather Forecast and Update on May 14: Light Rain, Thundershower Likely Today, Says IMD; Check Details Here.

Retail inflation eased to an 11-month low of 4.83 per cent in April as prices of some kitchen items declined though overall food basket firmed up marginally, according to government data released on Monday.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were quoting lower.

Wall Street ended on a mixed note on Monday.

Global oil benchmark Brent crude climbed 0.12 per cent to USD 83.46 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,498.92 crore on Monday, according to exchange data.

Recovering from early lows, the BSE benchmark ended higher by 111.66 points or 0.15 per cent at 72,776.13 on Monday. The NSE Nifty climbed 48.85 points or 0.22 per cent to 22,104.05.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)