NSE & BSE rise in early trade

Mumbai: Equity benchmark indices Sensex and Nifty climbed in early trade on Monday amid mixed global cues. The 30-share Sensex jumped by 179.16 points or 0.3 percent to reach 59,834.22 points, while the broader 50-share Nifty rose 46.75 points or 0.27 percent to reach 17,670.80 points.

Status of previous trading session

Sensex and Nifty had closed on a mixed note on Friday, with the 30-share benchmark index closing marginally higher, while the broader Nifty ended the day in the red. Foreign Portfolio Investors (FPIs) were net sellers on Friday as they offloaded domestic equities worth Rs 2,116.76 crore, as per exchange data.

Position of stocks listed in BSE

In the Sensex pack, 13 stocks were trading in the green, while the remaining 17 shares were in the negative territory. The initial gains were led by buying in the counters of Reliance Industries and ICICI Bank, among others. Reliance Industries, ICICI Bank, Wipro, and State Bank of India rose more than one percent. Among the Nifty shares, 23 were trading in the positive zone.

Performance of markets worldwide

In the Asia Pacific region, stocks were showing mixed trends as Japan's Nikkei 225 was trading in the positive territory, while Hong Kong's Hang Seng and China's SSE Composite Index were trading lower. On Friday, the US market as well as most of the European benchmark indices closed with gains.

In a pre-market open note, Deepak Jasani, Head of Retail Research at HDFC securities, said Indian markets could open mildly higher, despite mixed Asian markets today and in line with higher US markets on Friday.

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