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Domestic equity benchmark indices started trade on a positive note on April 11, helped by global market trends and steady foreign fund inflows. In early trade, the 30-share BSE Sensex climbed 252.39 points to reach 60,098.90 points. The broader NSE Nifty rose 85.2 points to 17,709.25.
Among Sensex firms, Kotak Mahindra Bank, State Bank of India, Sun Pharma, ITC, Bajaj Finserv, Maruti, UltraTech Cement and NTPC were the biggest winners in early trade. Asian Paints, Tata Consultancy Services and HDFC were the laggards.
In Asian markets, Seoul, Japan and Hong Kong were trading in the green, while Shanghai declined. US markets closed mostly in positive territory on Monday.
“Resilience in Nifty is largely due to sustained buying by FIIs and resultant short-covering. The ongoing mild rally is likely to be sustained by individual stock performance triggered by Q4 results rather than sectoral moves,” VK Vijayakumar, Chief he said. Investment Strategist at Geojit Financial Services.
On Monday, the Sensex closed at 59,846.51 with a slight gain of 13.54 points or 0.02%. The Nifty closed at 17,624.05, up 24.90 points or 0.14%.
Meanwhile, global oil benchmark Brent crude jumped 0.63% to $84.69 per barrel. Foreign portfolio investors (FPIs) bought equities worth Rs 882.52 crore on Monday, according to exchange data.