A man ties a balloon to the horn of a bull statue at the entrance of the Bombay Stock Exchange in Mumbai. File photo | Photo Credit: Reuters
Benchmark indices climbed in early trade on Tuesday, December 13, 2022, amid subdued global market trends and retail inflation falling below the RBI’s upper tolerance level of 6 per cent for the first time in 11 months in November.
The 30-share BSE Sensex climbed 170.1 points to 62,300.67. The broader NSE Nifty rose 43.7 points to 18,540.85.
From the Sensex pack, IndusInd Bank, Mahindra & Mahindra, Axis Bank, Bajaj Finance, UltraTech Cement, Nestle, HDFC Bank and HDFC were among the winners.
Asian Paints, Bharti Airtel, Hindustan Unilever, Kotak Mahindra Bank and Tata Steel were among the laggards.
In Asia, equity markets in Seoul, Tokyo and Hong Kong were trading in the green, while Shanghai declined.
US markets closed on the green mark on Monday.
Retail inflation fell below the RBI’s upper tolerance level of 6 per cent in November for the first time in 11 months as softening food prices provided relief.
On Monday, the BSE benchmark closed 51.10 points or 0.08 per cent lower at 62,130.57. The Nifty closed at 18,497.15 with a slight gain of 0.55 points.
International oil benchmark Brent crude climbed 1.22 per cent to $78.94 per barrel.
Foreign institutional investors (FIIs) remained net sellers in the capital market on Monday as they sold shares worth ₹138.81 crore, according to exchange data.