Mumbai: Benchmark indices climbed in early trade on Tuesday amid firm global market trends and as retail inflation dipped below the RBI's upper tolerance level of 6 percent for the first time in 11 months in November. The 30-share BSE Sensex climbed by 170.1 points to 62,300.67. The broader NSE Nifty advanced by 43.7 points to 18,540.85.
The BSE benchmark declined 51.10 points or 0.08 percent to settle at 62,130.57 on December 12. The Nifty ended at 18,497.15, marginally higher by 0.55 points. Foreign Institutional Investors (FIIs) remained net sellers in the capital markets on December 12 as they offloaded shares worth Rs 138.81 crore, according to exchange data.
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 quoted lower.
The US markets had ended in the green on December 12.
International oil benchmark Brent crude climbed 1.22 percent to USD 78.94 per barrel.
Retail inflation dipped below the RBI's upper tolerance level of 6 percent for the first time in 11 months in November as softening prices of food items brought relief.
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