Sensex, Nifty climb in early trade

New Delhi: In the early trading session on Monday, popular stock indices Sensex and Nifty saw gains as blue-chip companies like Reliance Industries and ITC were bought, with retail investors also showing positive interest. In early trading, the BSE Sensex rose by 287.56 points to reach 80,724.40. The NSE Nifty increased by 97.65 points and reached 24,638.80.

The top gainers among the 30 Sensex companies included NTPC, Titan, Tata Steel, ITC, Reliance Industries, State Bank of India, Bajaj Finance, and JSW Steel. Mahindra & Mahindra, Nestle, Tata Motors, and Bharti Airtel were among the companies that performed poorly.

Shanghai and Hong Kong saw an increase in quotes in Asian markets, while Seoul and Tokyo experienced a decline in trading. The US markets closed in the green on Friday.

According to data from the exchanges, Foreign Institutional Investors (FIIs) became purchasers on Friday by acquiring equities valued at Rs 766.52 crore. On Friday, Domestic Institutional Investors (DIIs) purchased equities totaling Rs 2,606.18 crore. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, stated that the primary reason for the current bull market is the overwhelming control of the DII and retail investors in the market, despite the presence of underlying fundamental factors. Brent crude, the global oil benchmark, decreased by 0.19 percent to reach USD 79.53 per barrel.

On Friday, the BSE benchmark surged by 1,330.96 points or 1.68 pc, closing at 80,436.84, its largest one-day increase in over two months. The NSE Nifty increased by 397.40 points or 1.65 percent and closed at a two-week peak of 24,541.15.