Stock markets jump in early trade; Sensex gains 156 points, Nifty above 21,700 amid positive global cues
Stock markets update: In the early trade, the 30-share BSE Sensex jumped 155.62 points to 72,181.77. Meanwhile, the Nifty also gained 53.15 points to 21,763.95 points.
Stock markets update: The equity benchmark indices opened in positive Monday amid the positive global clues. In the early trade, the 30-share BSE Sensex jumped 155.62 points to 72,181.77. Meanwhile, the Nifty also gained 53.15 points to 21,763.95 points.
Among the Sensex firms, Tata Steel, Bharti Airtel, HCL Technologies, Reliance Industries, Sun Pharma and Titan were the biggest gainers. Hindustan Unilever, Bajaj Finance, Bajaj Finserv, ITC, IndusInd Bank and NTPC were among the laggards.
In Asian markets, Seoul, Shanghai and Hong Kong were trading lower. The US markets ended marginally up on Friday. Global oil benchmark Brent crude declined 1.09 per cent to USD 77.90 a barrel.
Rupee rises against dollar
Meanwhile, the rupee appreciated 9 paise to 83.06 against the US dollar in early trade on Monday on the back of positive domestic equity markets and the inflow of foreign funds. However, forex traders said a strong American currency and volatile crude oil prices weighed on the domestic currency.
At the interbank foreign exchange, the domestic currency opened at 83.09, and touched the level of 83.04 before trading at 83.06 against the greenback in initial deals, registering a rise of 9 paise from its previous close.
(With PTI inputs)
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