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Equity benchmark indices climbed in initial trade on Monday amid a constructive development in Asian markets.
The BSE Sensex climbed 165.9 factors to 61,168.47. The NSE Nifty superior 35.25 factors to 17,979.45.
From the Sensex pack, Power Grid, HCL Technologies, ITC, Bharti Airtel, Hindustan Unilever, ICICI Bank, IndusInd Bank, Infosys, Tech Mahindra, NTPC and HDFC Bank have been the main winners.
Tata Steel, Wipro, Nestle, Bajaj Finserv, Titan and Bajaj Finance have been among the many main laggards.
In Asian markets, Japan, South Korea, Hong Kong and China have been buying and selling in the constructive territory.
The U.S. markets had ended on a blended notice on Friday.
“Markets may log steady gains in early trade on Monday as investors are likely to take cues from the optimism in SGX Nifty and other select Asian peers even as the key US indices closed mixed on Friday,” stated Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities Ltd.
However, going by the tumultuous experience of the previous couple of weeks, markets could proceed to witness a bumpy experience on the again of considerations over additional uptick in rates of interest and the chance of a slowdown in international development, Mr. Tapse added.
The 30-share BSE benchmark had declined by 316.94 factors or 0.52% to settle at 61,002.57 on Friday. The Nifty dropped by 91.65 factors or 0.51% to finish at 17,944.20.
International oil benchmark Brent crude climbed 0.65% to $83.55 per barrel.
Foreign Portfolio Investors (FPIs) offloaded shares price ₹624.61 crore on Friday, in line with change knowledge.
