Stock markets update: Sensex surges 503 points, Nifty up by 178 points to 21,531 in early trade

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Stock markets update: Sensex surges 503 points, Nifty up by 178 points to 21,531 in early trade


Image Source : PTI/REPRESENTATIVE Stock markets replace — January 29

Stock markets replace: Equity benchmark indices opened greater in early trade on Monday amid constructive world cues. In the early trade, the 30-share BSE Sensex climbed 503.47 points to 71,204.14. Meanwhile, the Nifty was additionally up by 178.55 points to 21,531.15 points. 

Check main gainers

Among the Sensex companies, Sun Pharma, Axis Bank, Kotak Mahindra Bank, Power Grid, Larsen and Toubro, NTPC, ICICI Bank, HDFC Bank and Reliance Industries had been the most important gainers. JSW Steel, Infosys, ITC and Mahindra And Mahindra had been among the many laggards.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong had been buying and selling in the constructive territory. The US markets had ended on a combined notice on Friday. Global oil benchmark Brent crude climbed 0.51 per cent to USD 83.98 a barrel.

Rupee falls in opposition to greenback

The rupee depreciated 4 paise to 83.15 in opposition to the US greenback in the morning session on Monday, amid elevated crude oil costs and greenback demand from importers. Forex merchants mentioned the rupee is buying and selling in a slender vary because the help from constructive home equities was negated by international fund outflows. At the interbank international trade, the rupee opened at 83.14 in opposition to the greenback, then fell to 83.15, registering a decline of 4 paise from its earlier shut.

(With PTI inputs)

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