BSE Building in Mumbai. , Photo Credit: Reuters
Equity benchmark indices started trade on a positive note on February 21 with HDFC twins trading higher by buying in a mixed trend in Asian markets.
After a strong start, the BSE Sensex rose 159.54 points to 60,851.08. The NSE Nifty rose 61.25 points to 17,905.85.
From the Sensex pack, NTPC, Hindustan Unilever, Bharti Airtel, Tata Steel, Mahindra & Mahindra, Power Grid, Larsen & Toubro, Tata Consultancy Services, HDFC and HDFC Bank were the major gainers.
Axis Bank, Titan, IndusInd Bank, ICICI Bank and Kotak Mahindra Bank were the major laggards.
In Asian markets, South Korea and China were trading in the green, while Hong Kong and Japan declined.
US markets were closed on Monday for ‘President’s Day’.
“Local equities may witness slight gains in early trade on Tuesday but trading session may be more or less range-bound due to absence of cues from US markets, which were closed on Monday on account of President’s Day.
Prashant Tapase, Senior Vice President (Research), Research Analyst, Mehta Equities Ltd. said, “Looking at the trend of the last few weeks, the trading session was extremely disappointing amid fears of recession, bullish Fed expectations and Q3 slowdown from corporate India. Used to be.” .
On Monday, the BSE benchmark had closed at 60,691.54, down 311.03 points or 0.51%. The Nifty closed 99.60 points, or 0.56%, down at 17,844.60.
International oil benchmark Brent crude fell 1.06% to $83.18 a barrel.
Foreign portfolio investors (FPIs) sold shares worth Rs 158.95 crore on Monday, according to exchange data.