Benchmark indices trade higher on global market trends

BSE benchmark climbed 563.09 points to 60,522.94 in early trade and NSE Nifty advanced 161.55 points to 17,948.35 on Monday

Alt=
Benchmark indices trade higher on global market trends

Mumbai: Equity benchmark indices made a positive start on Monday with the Sensex climbing 563 points in early trade amid firm global market trends and fresh foreign fund inflow. The BSE benchmark climbed 203.01 points or 0.34 percent to settle at 59,959.85 on October 29, Friday. The Nifty advanced 49.85 points or 0.28 percent to end at 17,786.80.

Foreign Institutional Investors (FIIs) were buyers on October 29 as they bought shares worth Rs 1,568.75 crore, as per exchange data.

Positioning of Indian stock market today

Continuing its rally for the third day, the 30-share BSE benchmark climbed 563.09 points to 60,522.94 in early trade. On similar lines, the broader NSE Nifty advanced 161.55 points to 17,948.35.

Performance of various stocks

From the Sensex pack, Tech Mahindra, Maruti, Dr Reddy’s, HCL Technologies, Axis Bank, Infosys, Titan, Hindustan Unilever and Mahindra & Mahindra were the major winners.

NTPC and Tata Steel were the only laggards.

Performance of markets worldwide

Asian markets like Seoul, Tokyo and Hong Kong traded higher, while Shanghai quoted lower.

Wall Street had ended significantly higher on Friday.

“Technically the market is poised to continue the ongoing rally aided by support from the US market. The fact that FPIs have turned buyers during the last 2 days is another positive,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

International oil benchmark Brent crude was trading 0.52 percent lower at USD 95.27 per barrel.

(PSU Watch– India’s Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. You may follow us on Google News. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)