NSE & BSE climb in early trade

Mumbai: Equity benchmarks climbed in initial trade on Wednesday, extending their previous day's rally, amid buying in index heavyweight HDFC twins and foreign funds inflow. The 30-share BSE benchmark Sensex climbed by 107.28 points to reach 60,763. The broader NSE Nifty went up by 37.25 points to 18,090.55.

The Sensex had rallied 562.75 points or 0.94 percent to settle at 60,655.72 on January 17. The Nifty had climbed 158.45 points or 0.89 percent to end at 18,053.30. Foreign Institutional Investors (FIIs) turned buyers on Tuesday after unabated outflows for the past many days. They bought shares worth Rs 211.06 crore on Tuesday, according to exchange data.

Position of stocks listed in BSE

From the Sensex pack, Tata Steel, Wipro, HDFC Bank, HCL Technologies, Kotak Mahindra Bank, Bharti Airtel, HDFC, Titan, ITC and Bajaj Finance were the prominent gainers.

Tata Motors, UltraTech Cement, Mahindra & Mahindra, Reliance Industries, State Bank of India and ICICI Bank were the laggards.

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Performance of markets worldwide

In Asia, equity markets in Tokyo quoted in the green, while Seoul, Shanghai and Hong Kong traded lower.

Markets in the US had ended mostly lower on January 17.

International oil benchmark Brent crude jumped 0.73 percent to USD 86.55 per barrel.

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