The Sensex rose more than 300 points in early trade on Tuesday, led by advances in index heavyweights Reliance Industries, HDFC Bank, and Tech Mahindra, on the back of solid quarterly profits and a favorable trend in global markets.

Also Read| Trending Stocks: HDFC, Airtel, Tech Mahindra and others in news today

In early trade, the 30-share index was 318.7 points, or 0.52%, higher at 61,285.75. Likewise, the Nifty rose 93.75 points, or 0.52%, to 18,219.15.

Also Read| NSE F&O Ban: IEX, NMDC, SAIL, Sun Tv and others under ban today

Tech Mahindra was Sensex’s top gainer, rising more than 6% after the software exporter announced a 26% increase in its September quarter net at Rs 1,338.7 crore.

Also Read| Petrol stays at Rs 107.59, diesel Rs 96.32 in Delhi; check October 26 fuel prices here

Bharti Airtel, Bajaj Finance, Tata Steel, L&T, ITC, and SBI were up while ICICI Bank, Axis Bank, PowerGrid, HUL, and Dr. Reddy were among the laggards.

Also Read| Gold price on Tuesday, October 26, 2021

The 30-share index closed the previous session 145.43 points or 0.24% higher at 60,967.05, while the Nifty climbed 10.50 points or 0.06 percent to 18,125.40.

Also Read| Silver price on Tuesday, October 26, 2021

According to exchange statistics, foreign institutional investors (FIIs) were net sellers in the capital market on Monday, offloading shares worth Rs 2,459.10 crore.

Also Read| How Bitcoin price and inflation are co-related

In other Asian markets, Shanghai, Tokyo, and Seoul were all up in mid-session trade, while Hong Kong was down. In the overnight session, stock markets in the United States closed on a strong note.

Also Read| Twitter Ceo Jack Dorsey says ‘hyperinflation’ will hit US and world soon

Meanwhile, Brent crude, the international oil benchmark, increased 0.15 % to USD 85.30 per barrel. In early trade, the rupee rises 5 paise to 75.03 against the US dollar.