India News | Sensex, Nifty Climb in Early Trade on Rally in Global Markets, Foreign Fund Inflows
Get latest articles and stories on India at LatestLY. Equity benchmark indices climbed in early trade on Tuesday tracking a rally in global markets and fresh foreign fund inflows.
Mumbai, Sep 10 (PTI) Equity benchmark indices climbed in early trade on Tuesday tracking a rally in global markets and fresh foreign fund inflows.
The 30-share BSE Sensex climbed 241.68 points to 81,801.22 in early trade. The NSE Nifty went up 78.4 points to 25,014.80.
Among the 30 Sensex firms, Power Grid, Bharti Airtel, Axis Bank, Tata Steel, NTPC, Sun Pharma, Larsen & Toubro and Titan were the biggest gainers.
Bajaj Finserv, Mahindra & Mahindra, Bajaj Finance and Kotak Mahindra Bank were among the laggards.
In Asian markets, Seoul, Tokyo and Hong Kong were trading higher while Shanghai quoted lower.
The US markets ended significantly higher on Monday.
Foreign Institutional Investors (FIIs) bought equities worth Rs 1,176.55 crore on Monday, according to exchange data. Domestic Institutional Investors (DIIs) also bought equities worth Rs 1,757.02 crore.
Global oil benchmark Brent crude dipped 0.08 per cent to USD 71.78 a barrel.
"With an overnight rebound on Wall Street, strong net buying from both FIIs and DIIs, and sluggish oil prices, bullish traders are expected to pursue bargains," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
The BSE benchmark Sensex rebounded 375.61 points or 0.46 per cent to settle at 81,559.54 on Monday. The NSE Nifty went up by 84.25 points or 0.34 per cent to finish at 24,936.40 after three days of fall.
(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)