Sensex, Nifty climb in early trade

Mumbai, Aug 20 (PTI): Benchmark equity indices Sensex and Nifty climbed in early trade on Tuesday in line with optimism in global markets and steady investments by retail investors.

The 30-share BSE Sensex climbed 338.21 points to 80,762.89 in early trade. The NSE Nifty rallied 87.65 points to 24,660.30.

Among the 30 Sensex firms, Tata Consultancy Services, IndusInd Bank, NTPC, Axis Bank, UltraTech Cement, Power Grid, Infosys and Bajaj Finserv were the major gainers.

Bharti Airtel, Tata Steel, JSW Steel and Tata Motors were among the laggards.

In Asian markets, Seoul and Tokyo traded higher while Shanghai and Hong Kong quoted lower.

The US markets ended in positive territory on Monday.

“Much of the strength and rally at Dalal Street is in the backdrop of steady SIP flows by retail investors. Global factors will be keenly watched as local investors would be eyeing the July FOMC (Federal Open Market Committee) meeting minutes to be released on Wednesday,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,667.46 crore on Monday, according to exchange data. However, Domestic Institutional Investors (DIIs) bought equities worth Rs 1,802.92 crore.

Global oil benchmark Brent crude dipped 0.79 per cent to USD 77.05 a barrel.

In a range-bound trade, the BSE benchmark on Monday slipped 12.16 points or 0.02 per cent to settle at 80,424.68. The NSE Nifty edged up 31.50 points or 0.13 per cent to 24,572.65 in a volatile trade.

Hot this week

Pay hike of Assam ministers, MLAs likely as 3-member panel submits report

Full report likely by Oct 30 Guwahati Sept 25: There...

Meghalaya Biological Park Inaugurated After 25 Years: A New Chapter in Conservation and Education

Shillong, Nov 28: Though it took nearly 25 years...

ANSAM rejects Kuki’s separate administration demand, says bifurcation not acceptable

Guwahati, Sept 8: Rejecting the separate administration demand of...

Meghalaya man missing in Bangkok

Shillong, Jan 10: A 57-year-old Meghalaya resident, Mr. Treactchell...

Meghalaya’s historic fiber paves the way for eco-friendly products and sustainable livelihoods

By Roopak Goswami Shillong, Oct 25: From making earbuds to...

India, US hold 2+2 Intersessional Dialogue amid tariff tensions

New Delhi, Aug 26: Senior officials of India and...

Taylor Swift, Travis Kelce engaged

New York, Aug 26: It's a love story and,...

Conrad defends support for district councils, takes on detractors creating controversy

Shillong, Aug 26: Meghalaya Chief Minister Conrad K Sangma...

Govt okays MPSC reforms report, suggests CCTVs in interviews

Committee recommends computer-based tests for MPSC exams Shillong, Aug 26:...

Dialogue key to lasting peace along Assam-Meghalaya border: Sangma

Shillong, Aug 26: Meghalaya Chief Minister Conrad K Sangma...

Navy commissions multi-mission stealth frigates

Visakhapatnam, Aug 26: In a major boost to the...
spot_img

Related Articles

Popular Categories