Stock markets: Equity benchmark indices confronted risky traits in early trade on Monday, surrendering their preliminary gains to trade lower, following a weak lead from Wall Street and rising crude oil costs. The 30-share BSE Sensex climbed 126.36 factors to 72,769.79 in early trade after a weak starting to the trade. The NSE Nifty went up 20.65 factors to 22,044.
However, later each the benchmark fairness indices pared early gains and slipped within the pink. The 30-share BSE quoted 118.03 factors lower at 72,525.40, and the Nifty went lower 56.70 factors to 21,953.70.
From the Sensex basket, Mahindra & Mahindra, Tata Steel, JSW Steel, Axis Bank, Tata Motors and HCL Technologies had been the gainers. Asian Paints, Power Grid, Titan and Maruti had been among the many laggards. In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong had been buying and selling greater.
Global oil benchmark Brent crude climbed 0.36 per cent to USD 85.65 a barrel.
Rupee against dollar
Meanwhile, the rupee appreciated by 2 paise to trade at 82.84 against the US dollar within the opening session on Monday following international fund inflows. An uptick in crude oil costs and listless trade in home shares capped rupee gains in opening trade, foreign exchange sellers mentioned.
(With PTI inputs)
ALSO READ:Â World Bank maintains India’s GDP development forecast for 2023-24 at 6.3%
