BSE & NSE climb in early trade on firm global equities

Mumbai: Equity benchmarks began the trade on a positive note on Monday amid a firm global market trend and buying in IT counters. The 30-share BSE benchmark Sensex climbed by 325.59 points to reach 60,586.77 in early trade. The broader NSE Nifty advanced by 93.05 points to reach 18,049.65.

The Sensex had gained 303.15 points or 0.51 percent to settle at 60,261.18 on Friday. The Nifty climbed 98.40 points or 0.55 percent to end at 17,956.60. Foreign Institutional Investors (FIIs) offloaded shares worth Rs 2,422.39 crore on Friday, according to exchange data.

Position of stocks listed in BSE

From the Sensex pack, Wipro, HCL Technologies, Bajaj Finance, Bajaj Finserv, UltraTech Cement, Infosys, Tata Consultancy Services, Kotak Mahindra Bank, Tech Mahindra and State Bank of India were among the major winners. Wipro climbed by one percent in early trade after announcing its December quarter earnings post trading hours on Friday.

Wipro on Friday reported a better-than-expected 2.8 percent rise in consolidated net profit for December 2022 quarter to Rs 3,053 crore and exuded optimism about "strong" bookings for the fourth quarter despite global headwinds.

Mahindra & Mahindra, Tata Steel, NTPC, Maruti and Tata Motors were among the laggards from the Sensex constituents.

Performance of markets worldwide

In Asia, equity markets in Seoul, Shanghai and Hong Kong were trading in the green, while Tokyo quoted lower.

Markets in the US had ended in the positive territory on Friday.

International oil benchmark Brent crude dipped 0.54 percent to USD 84.82 per barrel.

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