Sensex rises by 235 pts in early trade as IT, auto shares advance

Mumbai: Benchmark equity indices Sensex and Nifty advanced in early trade on Tuesday helped by buying in index majors HDFC twins and Infosys amid a mixed trend in Asian markets. The 30-share BSE Sensex climbed by 235.52 points to settle at 63,205.52 in early trade. The NSE Nifty advanced by 72.4 points to end at 18,763.60.

Status of previous trading session

In a lacklustre trading on Monday, the BSE benchmark dipped by 9.37 points or 0.01 percent to settle at 62,970, logging its third day of decline. The Nifty edged up by 25.70 points or 0.14 percent to settle at 18,691.20.
According to exchange data, Foreign Institutional Investors (FIIs) offloaded equities worth Rs 409.43 crore on Monday.

Position of stocks listed in BSE

From the Sensex pack, Tata Steel, Mahindra & Mahindra, Asian Paints, Infosys, Bharti Airtel, Tata Motors, Larsen & Toubro, NTPC, HDFC, and HDFC Bank were the major gainers. Titan, IndusInd Bank, Hindustan Unilever, ICICI Bank, Maruti, and ITC were among the laggards.

Performance of markets worldwide

In Asian markets, Shanghai and Hong Kong traded in the green while Seoul and Tokyo quoted lower. The US markets ended in the negative terrain on Monday. Global oil benchmark Brent crude climbed by 0.47 percent to USD 74.53 a barrel. "In the past few sessions, any intra-day strength is driven by only a few companies across a narrow set of sectors," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

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