Markets rebound in early trade on buying in ICICI Bank, firm trends in Asian peers

The BSE Sensex jumped 462.45 points to 79,864.74 in early trade. The NSE Nifty climbed 112.1 points to 24,292.90
Markets rebound in early trade on buying in ICICI Bank, firm trends in Asian peers
Markets rebound in early trade on buying in ICICI Bank, firm trends in Asian peers
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New Delhi: Equity markets rebounded in early trade on Monday, driven by buying in the stock of blue-chip ICICI Bank, firm trends in Asian peers and continuous buying by domestic institutional investors.

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The BSE Sensex jumped 462.45 points to 79,864.74 in early trade. The NSE Nifty climbed 112.1 points to 24,292.90.

From the 30 Sensex pack, ICICI Bank climbed nearly 3 per cent after the private sector lender posted a 14.5 per cent growth in standalone profit to Rs 11,746 crore for the second quarter ended September 2024.

State Bank of India, IndusInd Bank, Infosys, HCL Technologies, Asian Paints and Hindustan Unilever were the other big gainers from the pack.

In Asian markets, Seoul, Tokyo and Shanghai were trading higher, while Hong Kong quoted lower.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,036.75 crore on Friday, while Domestic Institutional Investors (DIIs) bought shares worth Rs 4,159.29 crore, according to exchange data.

Global oil benchmark Brent crude eased 4.38 per cent to USD 72.72 a barrel.

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