In early trade on Monday, benchmark equity indices in Mumbai rebounded, following a rally in Asian markets. The 30-share BSE Sensex surged by 503.47 points to reach 71,204.14 points, while the Nifty climbed 178.55 points to 21,531.15 points.
Blue-chip firms HDFC Bank and Reliance Industries contributed to the positive trend. Major gainers among the Sensex firms included Sun Pharma, Axis Bank, Kotak Mahindra Bank, Power Grid, Larsen and Toubro, NTPC, ICICI Bank, HDFC Bank, and Reliance Industries.
On the flip side, JSW Steel, Infosys, ITC, and Mahindra And Mahindra were among the laggards. In the broader Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were trading in positive territory. Meanwhile, the US markets had a mixed performance on Friday. The global oil benchmark, Brent crude, climbed 0.51% to reach USD 83.98 per barrel.
On Thursday, the Sensex had witnessed a decline of 359.64 points (0.51%), settling at 70,700.67 points, while the Nifty fell by 101.35 points (0.47%) to reach 21,352.60 points. It's worth noting that the markets were closed on Friday due to Republic Day. According to exchange data, Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,144.06 crore on Thursday.
(With Agency Inputs)
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