India News | Markets Trade Firm on Buying in Reliance, TCS

Mumbai, Feb 9 (PTI) Equity benchmark indices rebounded in early trade on Friday amid buying in Reliance Industries, Tata Consultancy Services and ICICI Bank along with largely firm Asian markets.

After a flat beginning, the 30-share BSE Sensex further climbed 122.61 points to 71,551.04 in early trade. The Nifty went up by 45.45 points to 21,763.40.

Also Read | Assam: State Government to File FIR Against Schools for Irregularities in School Uniforms and Mid-Day Meals, Says CM Himanta Biswa Sarma.

Among the Sensex firms, Reliance Industries, Wipro, State Bank of India, Tata Consultancy Services, Bajaj Finance, Axis Bank, ICICI Bank and Tech Mahindra were the major gainers.

Bharti Airtel, Maruti, Mahindra & Mahindra, Infosys, HDFC Bank and Kotak Mahindra Bank were among the laggards.

Also Read | Bengaluru: Man Sentenced to 20 Years Rigorous Imprisonment for Sexually Assaulting Minor Girl, Fined Rs 2.5 Lakh.

In Asian markets, Tokyo and Shanghai were quoting in the positive territory while Hong Kong traded lower.

The US markets ended in the green on Thursday.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,933.78 crore on Thursday, according to exchange data.

The BSE benchmark fell by 723.57 points or 1 per cent to settle at 71,428.43 on Thursday amid uncertainty about the timing of interest rate reduction after the Reserve Bank of India's monetary policy decision. The Nifty declined by 212.55 points or 0.97 per cent to 21,717.95.

Global oil benchmark Brent crude climbed 0.09 per cent to USD 81.70 a barrel.

(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)