Market benchmark index firms trade higher on global equities in early trade

file. , Photo credit: The Hindu

Buying in equity benchmark indices IT counters and an overall positive trend in global markets helped in early trade on Tuesday.

After a strong opening, the BSE Sensex climbed 144.85 points to reach 59,433.20. The NSE Nifty rose 35.55 points to 17,428.25.

From the Sensex pack, Mahindra & Mahindra, Tech Mahindra, Tata Consultancy Services, Tata Motors, Sun Pharma, Infosys, HCL Technologies, Larsen & Toubro, HDFC, Wipro, Titan and HDFC Bank were the major gainers.

State Bank of India, Reliance Industries, Bharti Airtel and IndusInd Bank were among the laggards.

In Asian markets, South Korea, Japan, China and Hong Kong were trading in the positive zone.

US markets closed with gains on Monday.

On Monday, the BSE benchmark had closed 175.58 points or 0.30% down at 59,288.35, while the Nifty had closed 73.10 points or 0.42% down at 17,392.70.

International oil benchmark Brent crude rose 0.17% to $82.59 a barrel.

Foreign portfolio investors (FPIs) sold shares worth Rs 2,022.52 crore on Monday, according to exchange data.