Equity benchmark indices gained in early trade on Tuesday tracking a positive trend in global markets and sustained foreign fund inflows.
major index buying Reliance Industries Equity markets also showed positive momentum.
30-share BSE Sensex In early trade, it jumped 356.13 points to reach 65,700.30. nse smelly climbed 102.45 points to reach 19,458.35.
from sensex pack, Bajaj Finance, Bajaj Finserv, MarutiMahindra & Mahindra, IndusInd Bank, Larsen & Toubro, Reliance Industries and Titan were major gainers.
Wipro emerged as the sole laggard in the 30-share pack.
In the Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the green.
US markets closed in positive territory on Monday.
According to exchange data, foreign institutional investors (FIIs) continued their buying momentum and bought equities worth Rs 588.48 crore on Monday.
Global oil benchmark Brent crude climbed 0.53 per cent to $78.10 a barrel.
“Overnight rally in US markets and early gains in Asian markets may boost optimism in local stocks, as investors are likely to follow suit and maintain buying momentum.
“However, caution may prevail at a later stage due to the focus on two big catalysts – the US June CPI data to be released on Wednesday, and a possible rate hike by the US Fed at the FOMC meeting on July 26,” it said. Said. Prashant Tapase, Senior VP (Research), Mehta Equities Ltd.
On Monday, the BSE benchmark closed 63.72 points or 0.10 per cent higher at 65,344.17. The Nifty closed at 19,355.90, up 24.10 points or 0.12 per cent.
major index buying Reliance Industries Equity markets also showed positive momentum.
30-share BSE Sensex In early trade, it jumped 356.13 points to reach 65,700.30. nse smelly climbed 102.45 points to reach 19,458.35.
from sensex pack, Bajaj Finance, Bajaj Finserv, MarutiMahindra & Mahindra, IndusInd Bank, Larsen & Toubro, Reliance Industries and Titan were major gainers.
Wipro emerged as the sole laggard in the 30-share pack.
In the Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the green.
US markets closed in positive territory on Monday.
According to exchange data, foreign institutional investors (FIIs) continued their buying momentum and bought equities worth Rs 588.48 crore on Monday.
Global oil benchmark Brent crude climbed 0.53 per cent to $78.10 a barrel.
“Overnight rally in US markets and early gains in Asian markets may boost optimism in local stocks, as investors are likely to follow suit and maintain buying momentum.
“However, caution may prevail at a later stage due to the focus on two big catalysts – the US June CPI data to be released on Wednesday, and a possible rate hike by the US Fed at the FOMC meeting on July 26,” it said. Said. Prashant Tapase, Senior VP (Research), Mehta Equities Ltd.
On Monday, the BSE benchmark closed 63.72 points or 0.10 per cent higher at 65,344.17. The Nifty closed at 19,355.90, up 24.10 points or 0.12 per cent.