With robust purchasing in index giants Reliance Industries and Infosys amid a firm trend in Asian stocks, equity benchmarks continued their rally on Monday, with the Sensex soaring over 693 points in early trade.

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In early trade, the 30-share BSE Sensex rose 693.56 points to 55,578.22. The NSE Nifty gained 213.75 points to 16,566.20.

Infosys, Titan, HCL Technologies, Larsen & Toubro, Reliance Industries, UltraTech Cement, Wipro, TCS, and HDFC led the Sensex pack in early trade. Dr Reddy’s, on the other hand, was the sole laggard among the 30-share pack.

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Markets in Seoul, Shanghai, Tokyo, and Hong Kong were all trading in the green. On Friday, stock markets in the United States finished considerably higher.

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“Asian markets are trading on a positive side as investors are following trends of the US markets,” said Mohit Nigam, Head – PMS, Hem Securities.

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On Friday, the Sensex rose 632.13 points, or 1.17%, to close at 54,884.66. The Nifty rose 182.30 points, or 1.13%, to 16,352.45.

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According to stock market statistics, foreign institutional investors maintained their selling binge on Friday, offloading shares worth Rs 1,943.10 crore.

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Brent crude, the international oil standard, rose 0.48% to USD 120 per barrel. The rupee rose 12 paise to 77.46 against the US dollar in early trade on Monday, helped by a drop in the dollar index and advances in domestic equities.