UltraTech Cement was the top gainer in the Sensex pack, rising nearly 3%, followed by M&M, Maruti, Tata Steel, TCS, L&T, SBI and HUL.
The benchmark BSE Sensex rose 85 points on Monday after gains in auto, IT, energy and FMCG stocks amid a firming trend in European markets.
In a broadly range-bound session, the 30-share index ended 85.88 points, or 0.14%, higher at 61,308.91. Similarly, the NSE Nifty rose 52.35 points or 0.29% to 18,308.10.
UltraTech Cement was the top gainer in the Sensex pack, rising nearly 3%, followed by M&M, Maruti, Tata Steel, TCS, L&T, SBI and HUL.
On the other hand, HCL Tech, HDFC Bank, Axis Bank, Tech Mahindra, PowerGrid and Sun Pharma were among the laggards, falling up to 5.89%.
“Indian markets opened marginally positive tracking mixed Asian market peers, as data shows the Chinese economy grew at 8.1 per cent in 2021, marginally lower than expected at 8.4 per cent.
“During the afternoon session, markets showed some strength and traded in positive territory as traders were relieved, as Foreign Portfolio Investors (FPIs) netted a net Rs 3,117 crore in Indian markets in January for the three-month sell-off. However, gains were limited during the day due to weak performance in financials, IT and healthcare,” said Narendra Solanki, Head- Equity Research (Fundamentals), Anand Rathi Shares & Stock Brokers.
The rupee depreciated by 9 paise at 74.24 (provisional) against the US dollar.
Elsewhere in Asia, shares closed in Shanghai and Tokyo, while Hong Kong and Seoul closed in the red. European stock exchanges were trading with gains in mid-session deals.
Meanwhile, international oil benchmark Brent crude slipped 0.26% to $85.84 a barrel.
Foreign institutional investors (FIIs) were net sellers in the capital market as they sold shares worth ₹1,598.20 crore on Friday, according to stock exchange data.
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