Major indexes opened higher on Monday, reflecting advances in index heavyweights Reliance Industries, ICICI Bank, and HDFC Bank amid a mixed trend in global markets.

In early trade, the Sensex gained 286.36 points to 59,089.69. Similarly, the Nifty rose 77.9 points to 17,617.35.

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ICICI Bank, Tech Mahindra, ITC, HCL Technologies, Tata Steel, Axis Bank, Reliance Industries, IndusInd Bank, and HDFC Bank led the Sensex pack in early trade.

Nestle, PowerGrid, Mahindra & Mahindra, Dr Reddy’s, and Hindustan Unilever, on the other hand, were among the laggards in opening trading.

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Delta Corp is the stock/security that has been placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Monday, September 5, 2022.

The Sensex rose 36.74 points, or 0.06%, to 58,803.33 in the previous session. The Nifty fell 3.35 points, or 0.02%, to 17,539.45.

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The foreign institutional investors (FIIs) sold shares worth a net Rs 8.79 crore, while domestic institutional investors (DIIs) offloaded shares worth a net Rs 668.74 crore in the Indian equity market on September 2, as per provisional data available on the NSE.  

Asian markets are trading mixed with Straits Times rising 8.41 points or 0.26% to 3,214.10, Taiwan Weighted added 5.96 points or 0.04% to 14,679.00, Jakarta Composite advanced 42.68 points or 0.59% to 7,219.86 and Shanghai Composite was up by 3.06 points or 0.10% to 3,189.54. On the other hand, Nikkei 225 fell 11.81 points or 0.04% to 27,639.03, Hang Seng slipped 244.49 points or 1.26% to 19,207.60 and KOSPI was down by 6.57 points or 0.27% to 2,402.84.

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The US markets had ended lower on Friday. The S&P 500 fell 42.59 points, or 1.1%, to 3,924.26. The Dow Jones Industrial Average fell 337.98 points, or 1.1%, to 31,318.44. The Nasdaq fell 154.26 points, or 1.3%, to 11,630.86. The Russell 2000 index of smaller companies fell 13.07 points, or 0.7%, to 1,809.75.

Separately, the international crude oil benchmark Brent crude gained 1.9% to USD 94.79 a barrel. In early trade on Monday, the rupee rose 5 paise to 79.82 against the dollar, after a strong trend in local markets.