Markets climb in early trade on buying in IT stocks, fresh foreign fund inflows

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Markets climb in early trade on buying in IT stocks, fresh foreign fund inflows


Image for representational functions solely.
| Photo Credit: PTI

Benchmark fairness indices climbed in early trade on January 5, extending their earlier day’s rally, amid fresh foreign fund inflows and buying in IT shares.

The 30-share BSE Sensex jumped 308.91 factors to 72,156.48 in early trade. The Nifty climbed 91 factors to 21,749.60.

Among the Sensex corporations, Wipro, NTPC, Tech Mahindra, Infosys, Mahindra & Mahindra, ICICI Bank, Tata Consultancy Services and HCL Technologies have been the key gainers.

Nestle India, IndusInd Bank, HDFC Bank, Kotak Mahindra Bank and Asian Paints have been the laggards.

On January 4, the BSE benchmark jumped 490.97 factors or 0.69% to settle at 71,847.57 and the Nifty climbed 141.25 factors or 0.66% to 21,658.60.

In Asian markets, Tokyo traded in the constructive territory whereas Seoul, Shanghai and Hong Kong quoted decrease.

The U.S. markets ended largely decrease on January 4.

Meanwhile, world oil benchmark Brent crude climbed 0.39% to $77.89 a barrel.

Foreign Institutional Investors (FIIs) purchased equities value ₹1,513.41 crore on January 4, in line with change information.



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