People walk past the Bombay Stock Exchange (BSE) building in Mumbai. file | Photo Credit: PTI
Equity benchmark indices Sensex and Nifty climbed in early trade on Monday amid mixed global cues.
The 30-share Sensex advanced 179.16 points, or 0.30%, to 59,834.22, while the 50-share Nifty gained 46.75 points, or 0.27%, to 17,670.80.
In the Sensex pack, 13 scrips were trading in the green, while the remaining 17 scrips were in the negative territory.
Early gains came from buying across the counters by Reliance Industries and ICICI Bank, among others. Reliance Industries, ICICI Bank, Wipro and State Bank of India climbed more than 1 per cent each.
Among the Nifty stocks, 23 were trading in the positive zone.
In Asia Pacific, stocks were showing mixed trend as Japan’s Nikkei 225 was trading in positive territory, while Hong Kong’s Hang Seng and China’s SSE Composite index were trading lower.
On Friday, along with the US market, most of Europe’s benchmark indices closed with gains.
Deepak Jasani, Head of Retail Research, HDFC Securities, said in a pre-market open note that Indian markets are likely to open marginally higher on Friday despite mixed Asian markets and on Friday against US markets.
Sensex and Nifty closed on a mixed note on Friday, with the 30-share benchmark index ending the day with marginal gains, while Nifty ended the day in the red.
Investors will also keep an eye on corporate income during the week.
Foreign portfolio investors (FPIs) were net sellers on Friday as they offloaded domestic equities worth Rs 2,116.76 crore, according to exchange data.