Mumbai: Equity benchmarks climbed in early trade on Monday after four days of losses amid positive trend in global markets. Bouncing back from four days of losses, the 30-share BSE Sensex climbed by 257.95 points to reach 60,103.24 in initial trade. On similar lines, the broader NSE Nifty advanced by 77 points to reach 17,883.80. Later in the trade, the BSE benchmark quoted 434.63 points higher at 60,279.92, while the Nifty traded 145.90 points up at 17,952.70.
The BSE benchmark had slumped 980.93 points or 1.61 percent to settle at 59,845.29 on December 23. The Nifty dropped 320.55 points or 1.77 percent to end at 17,806.80. Foreign institutional investors (FIIs) offloaded shares worth a net Rs 706.84 crore on December 23, according to exchange data.
From the Sensex pack, Tata Steel, State Bank of India, HDFC Bank, UltraTech Cement, IndusInd Bank, Mahindra & Mahindra, HDFC and Power Grid were the major winners.
Bharti Airtel remained the only laggard.
In Asia, equity markets in Seoul, Tokyo and Shanghai were trading in the green.
The US markets had ended in the positive territory on December 23.
International oil benchmark Brent crude climbed 3.63 percent to USD 83.92 per barrel.
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