Mumbai: Equity benchmark indices Sensex and Nifty rebounded in early trade on Monday after three consecutive sessions of decline, supported by strong cues from Asian markets and renewed buying in blue-chip stocks.
Traders said fresh foreign fund inflows also boosted investor sentiment.
The 30-share BSE Sensex rose 267.74 points, or 0.32 per cent, to 83,484.02, while the 50-share NSE Nifty advanced 84.90 points, or 0.33 per cent, to 25,577.20 in early deals.
Among the Sensex constituents, Asian Paints, Bharat Electronics, Larsen & Toubro, Titan, Reliance Industries, Tata Motors Passenger Vehicles, Infosys, Bajaj Finserv, Axis Bank, Bajaj Finance, ITC, and Bharti Airtel were among the top gainers.
Meanwhile, Trent, Power Grid, Mahindra & Mahindra, NTPC, State Bank of India, Adani Ports, and UltraTech Cement were among the major laggards.
Across Asia, South Korea’s Kospi surged 3 per cent, Japan’s Nikkei 225 gained nearly 1 per cent, and Hong Kong’s Hang Seng advanced 0.47 per cent, while Shanghai’s Composite Index traded marginally lower.
On Wall Street, US markets ended largely higher on Friday.
According to exchange data, Foreign Institutional Investors (FIIs) bought equities worth ₹4,581.34 crore on Friday, while Domestic Institutional Investors (DIIs) purchased shares worth ₹6,674.77 crore.
In commodities, Brent crude, the global oil benchmark, rose 0.64 per cent to USD 64.04 per barrel.
On Friday, the Sensex had fallen 94.73 points to close at 83,216.28, while the Nifty dipped 17.40 points to 25,492.30.
