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Equity benchmark indices rose in early trade on Monday amid a positive trend in Asian markets.
The BSE Sensex climbed 165.9 points to reach 61,168.47. The NSE Nifty rose 35.25 points to 17,979.45.
From the Sensex pack, Power Grid, HCL Technologies, ITC, Bharti Airtel, Hindustan Unilever, ICICI Bank, IndusInd Bank, Infosys, Tech Mahindra, NTPC and HDFC Bank were the major gainers.
Tata Steel, Wipro, Nestle, Bajaj Finserv, Titan and Bajaj Finance were the major losers.
In Asian markets, Japan, South Korea, Hong Kong and China were trading in the positive zone.
US markets closed on a mixed note on Friday.
Prashant Tapase, Senior Vice President, Research Analyst said, “Markets are likely to witness an uptick in early trade on Monday as investors are likely to take cues from optimism in SGX Nifty and other select Asian peers, while major US indices closed on Friday.” July is closed.” (Research), Mehta Equities Ltd.
However, given the turbulent ride of the past few weeks, the market may continue to be volatile due to the possibility of further hike in interest rates and slowdown in global growth, Mr. Taapsee said.
The 30-share BSE benchmark had closed at 61,002.57, down 316.94 points, or 0.52%, on Friday. The Nifty closed at 17,944.20, down 91.65 points or 0.51%.
International oil benchmark Brent crude climbed 0.65% to $83.55 a barrel.
Foreign portfolio investors (FPIs) sold shares worth Rs 624.61 crore on Friday, according to exchange data.