Sensex gains over 280 pts in early trade; Nifty above 17,600

Monitoring profits in index majors Reliance Industries, ICICI Bank and HDFC Bank amid a blended fashion in international markets

PTIUpdated: Monday, September 05, 2022, 10:44 AM IST
article-image

Mumbai: Benchmark indices began the trade on a positive note on Monday, tracking gains in index majors Reliance Industries, ICICI Bank and HDFC Bank amid a mixed trend in global markets.

The BSE Sensex climbed 286.36 points to 59,089.69 in early trade. Likewise, the NSE Nifty advanced 77.9 points to 17,617.35.

From the Sensex pack, ICICI Bank, Tech Mahindra, ITC, HCL Technologies, Tata Steel, Axis Bank, Reliance Industries, IndusInd Bank and HDFC Bank were the major gainers in early trade.

In contrast, Nestle, Power Grid, Mahindra & Mahindra, Dr Reddy's and Hindustan Unilever were among the laggards in initial trade.

In the previous session on Friday, the BSE benchmark inched up 36.74 points or 0.06 per cent to settle at 58,803.33. The Nifty dipped 3.35 points or 0.02 per cent to end at 17,539.45.

Elsewhere in Asia, markets in Seoul, Tokyo and Hong Kong were trading lower on Monday, while Shanghai quoted in the green in mid-session deals.

The US markets had ended lower on Friday. Equities in Europe had ended on a higher note on Friday.

Meanwhile, the international oil benchmark Brent crude jumped 1.9 per cent to USD 94.79 per barrel.

Foreign institutional investors (FIIs) offloaded shares worth a net Rs 8.79 crore on Friday, as per exchange data.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Elon Musk proposes to proceed with his $44 billion Twitter deal: Report

Elon Musk proposes to proceed with his $44 billion Twitter deal: Report

Asia pips the world with over 950 billionaires, Mumbai home to 51 of them

Asia pips the world with over 950 billionaires, Mumbai home to 51 of them

US regulators warns of crypto threatening financial stability, where does India stand on it?

US regulators warns of crypto threatening financial stability, where does India stand on it?

MahaRERA issues notices to 40 lapsed housing projects mostly in Mumbai

MahaRERA issues notices to 40 lapsed housing projects mostly in Mumbai

VideoLAN sends legal notice to DoT and MeitY over blocking VLC in India

VideoLAN sends legal notice to DoT and MeitY over blocking VLC in India