Equity markets climb in early trade on buying in HDFC Bank, TCS

New Delhi: Benchmark indices Sensex and Nifty rallied in early trade on Thursday amid buying in blue-chip stocks such as HDFC Bank and TCS, along with a positive trend in the US markets.

Extending its previous day's rally, the 30-share BSE Sensex climbed 154.07 points to 80,693.98 in early trade. The 50-share NSE Nifty went up by 45 points to 24,664.35.

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From the Sensex firms, Infosys, Sun Pharma, Asian Paints, HDFC Bank, Maruti and Tata Consultancy Services (TCS) were among the major gainers.

However, Tata Steel, Bharat Electronics, NTPC and Adani Ports were among the laggards.

In Asian markets, Shanghai's SSE Composite index traded in positive territory while South Korea's Kospi, Japan's Nikkei 225 index and Hong Kong's Hang Seng quoted lower.

The US markets ended higher on Wednesday.

"The market will be in a wait-and-watch mode looking for clues from the Trump-Putin summit," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.

Global oil benchmark Brent crude climbed 0.34 percent to USD 65.85 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,644.43 crore on Wednesday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 5,623.79 crore, according to exchange data.

On Wednesday, the Sensex climbed 304.32 points or 0.38 percent to settle at 80,539.91. The Nifty edged up by 131.95 points or 0.54 percent to 24,619.35.

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