Sensex surges over 135 points while Nifty above 18,300 in early trade

The Sensex rose more than 135 points in early trade on Tuesday, with advances in index heavyweights ITC, Tech Mahindra, and Bajaj Finserv amid a broadly favourable trend in global markets.

In early trade, the BSE index was trading 138.57 points, or 0.23%, higher at 61,447.48. Similarly, the Nifty rose 35.50 points, or 0.19%, to 18,343.60.

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Sun Pharma led the Sensex pack with 1.49%, followed by ITC, Tech Mahindra, Bajaj Finserv, Bajaj Finance, PowerGrid, and Axis Bank. On the other hand, UltraTech Cement, Maruti, Tata Steel, Asian Paints and HDFC were among the laggards.

The 30-share BSE Sensex closed the previous session 85.88 points, or 0.14% higher, at 61,308.91. The NSE Nifty gained 52.35 points, or 0.29%, to 18,308.10.

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Elsewhere in Asia, bourses in Shanghai, Hong Kong, and Tokyo were up in mid-session trade, while Seoul was down. In the overnight session, stock markets in the United States closed on a mixed note.

According to stock exchange statistics, foreign institutional investors (FIIs) were net sellers in the capital market on Monday, selling shares worth Rs 855.47 crore.

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Meanwhile, Brent crude, the international oil benchmark, increased 1.20% to USD 87.52 per barrel. In early trade, the rupee slips 18 paise to 74.43 against the US dollar.