Sensex rose over 120 points while Nifty near 18,300 in early trade

The Sensex rose more than 120 points in early trade on Monday, after advances in index heavyweights ICICI Bank, HDFC twins, and Infosys despite mixed Asian market trends.

In early trade, the BSE index was trading 122.58 points, or 0.20%, higher at 61,345.61. Similarly, the Nifty rose 37.65 points, or 0.21%, to 18,293.40.

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Maruti Suzuki led the Sensex pack with a 1.62% rise, followed by SBI, M&M, ICICI Bank, Bajaj Finserv, HDFC, Infosys, and HDFC Bank. On the other hand, HCL Tech, UltraTech Cement, Tech Mahindra, Titan and Wipro were among the laggards.

The 30-share BSE index closed 12.27 points, or 0.02%, down in the previous session at 61,223.03. Likewise, the NSE Nifty fell 2.05 points, or 0.01%, to 18,255.75.

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The broader indices were trading in green with the BSE Midcap index rising 0.22%, while the Small cap index was up by 0.37%. The top gaining sectoral indices on the BSE were Auto up by 2.11%, Industrials up by 0.69%, Consumer discretionary up by 0.66%, PSU up by 0.52%, Capital Goods up by 0.49%. while Metal down by 0.83%, Healthcare down by 0.80%, Basic Materials down by 0.59%, FMCG down by 0.24%, Realty down by 0.24% were the top losing indices on BSE.

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In other Asian markets, Shanghai and Tokyo bourses were up in mid-session trade, while Hong Kong and Seoul were down. On Friday, stock exchanges in the United States concluded on a mixed note.

According to stock exchange statistics, foreign institutional investors (FIIs) were net sellers in the capital market on Friday, selling shares worth Rs 1,598.20 crore.

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Meanwhile, the international oil benchmark Brent crude increased 0.8% to USD 86.13 a barrel. In early trade, the rupee falls 3 paise to 74.18 against the US dollar.