NSE & BSE rise in early trade

Mumbai: Equity benchmark indices climbed in early trade on Monday, mainly on account of buying in index majors Reliance Industries and HDFC Bank as well as positive sentiments in the US market. The 30-share BSE Sensex climbed by 137.55 points to end at 57,664.65 points in early trade. The broader NSE Nifty advanced by 46.05 points to reach 16,991.10 points.

Status of previous trading session

The 30-share BSE benchmark declined by 398.18 points or 0.69 percent to finish at 57,527.10 points on Friday. The Nifty fell by 131.85 points or 0.77 percent to end at 16,945.05 points. Foreign Portfolio Investors (FPIs) offloaded equities worth Rs 1,720.44 crore on Friday, according to exchange data.

Position of stocks listed in BSE

Among the Sensex firms, Power Grid, Bajaj Finance, Tata Steel, UltraTech Cement, Reliance Industries, Sun Pharma, Tech Mahindra and HDFC Bank were the biggest gainers. Mahindra & Mahindra, Hindustan Unilever, AXIS Bank and ICICI Bank were among the laggards.

Performance of markets worldwide

In Asian markets, Seoul, Shanghai and Hong Kong were in the red while Japan was in the green. The US markets ended higher on Friday.

"Markets may see a firm opening in Monday's trade on the back of buoyancy in SGX Nifty after the US market closed higher on Friday. Benchmark Nifty is likely to regain the psychological level of 17,000, but intra-day gyration could be seen as traders would be wary of weakness in other Asian indices amid concerns over global financial health," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said in his pre-market note.

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