Sensex and Nifty trade steadily in the early going
Initial trading today saw a rise in the Sensex and Nifty due to purchasing in index heavyweights Reliance Industries and HDFC twins.
After a strong start, the 30-share BSE benchmark increased 234.16 points to 60,327.13. The NSE Nifty index as a whole increased 64.5 points to 17,959.35.
Hindustan Unilever, HCL Technologies, Larsen & Toubro, NTPC, Tata Motors, UltraTech Cement, Asian Paints, Reliance Industries, ITC, HDFC, HDFC Bank, and Kotak Mahindra Bank were some of the top gainers from the Sensex pack.
The laggards were Mahindra & Mahindra, Tata Steel, IndusInd Bank, Bajaj Finance, and ICICI Bank.
Tokyo’s equities markets fared higher elsewhere in Asia, while Seoul, Shanghai, and Hong Kong traded lower.
Due to Martin Luther King Jr. Day, markets in the US were closed on Monday.
The benchmark 30-share BSE index dropped 168.21 points or 0.28 percent on Monday to close at 60,092.97. To finish at 17,894.85, the Nifty had fallen 61.75 points, or 0.34 percent.
Benchmark Brent crude for international oil prices increased 0.18 percent to USD 84.61 per barrel.
According to exchange data, foreign institutional investors (FIIs) sold shares worth 750.59 crore on Monday.