The 30-share BSE Sensex climbed 295.59 points to 57,949.45 in early trade. file | Photo credit: The Hindu
Equity benchmark indices were buying in early trade on March 28 tracking a firm trend in Asian markets and index majors Reliance Industries, HDFC twins and IT counters.
The 30-share BSE Sensex climbed 295.59 points to 57,949.45 in early trade. The broader NSE Nifty rose 76.05 points to 17,061.75.
Among Sensex firms, Tata Steel, Reliance Industries, Tata Consultancy Services, ICICI Bank, HCL Technologies, Wipro, HDFC Bank and HDFC Bank were major winners in early trade.
Bharti Airtel, Tata Motors, Power Grid and Nestle declined.
In the Asian markets, Seoul, Japan, Shanghai and Hong Kong were trading in the green.
US markets closed with a mixed trend on Monday.
Tuesday’s trade witnessed early optimism on positive cues from other Asian indices, even as US markets were mixed overnight.
“Financial concerns at major US and European banking institutions may have eased following recent troubles, providing some confidence to investors, although it cannot be denied that the overall tone is still from negative to cautious.” remains,” said Prashant Tapase, Senior VP (Research), Mehta Equities Ltd. in his pre-market opening remarks.
The 30-share BSE benchmark climbed 126.76 points, or 0.22%, to close at 57,653.86 on Monday. The Nifty closed at 16,985.70, up 40.65 points or 0.24%.
Meanwhile, global oil benchmark Brent crude fell 0.29% to $77.89 per barrel.
Foreign portfolio investors (FPIs) offloaded equities worth Rs 890.64 crore on Monday, according to exchange data.