Equity benchmarks opened trade on Monday, May 23, 2022, with the Sensex up nearly 311 points in opening deals, amid a mixed trend in Asian markets.
BSE’s 30-share benchmark Sensex jumped 310.91 points to reach 54,637.30. The broader NSE Nifty rose 83.35 points to 16,349.50.
Among Sensex firms, Maruti, M&M, Asian Paints, Titan and Kotak Mahindra Bank were among the early gainers.
In contrast, Tata Steel, ITC, Power Grid and Reliance Industries were among the laggards.
Meanwhile, Asian markets were trading with a mixed trend in Hong Kong, Shanghai and Tokyo.
The US stock markets closed with a mixed trend on Friday.
HDFC Securities Head of Retail Research Deepak Jasani said, “US stocks closed mixed on Friday. Asian stocks traded mixed on Monday as investors assess the impact of China’s COVID policies on developments…”.
On Friday, the BSE Sensex closed at 54,326.39, up 1,534.16 points or 2.91 per cent. The NSE Nifty jumped 456.75 points or 2.89 per cent to end at 16,266.15.
International oil benchmark Brent crude rose 0.60 per cent to $113.20 a barrel.