In early trade on Monday, the Sensex rose about 274 points, mirroring large advances in US markets and buying in index heavyweights Reliance Industries and HDFC.

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In early trade, the 30-share BSE Sensex was trading 273.74 points higher at 53,067.36. The NSE Nifty rose 91.1 points to 15,873.25.

Tata Steel, Titan, Maruti, Bajaj Finance, M&M, Larsen & Toubro, State Bank of India, IndusInd Bank, Reliance Industries, and HDFC were the top gainers in early trade on the Sensex.

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UltraTech Cement, Dr Reddy’s, Nestle, and Hindustan Unilever, on the other hand, were among the laggards.

Asian markets were mixed, with Hong Kong, Seoul, and Shanghai trading moderately down and Tokyo trading higher.

On Friday, stock markets in the United States concluded with significant increases.

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“Cautious trend could prevail as the street will anxiously await the WPI inflation numbers slated to trickle in on Tuesday,” said Prashanth Tapse, Vice President (Research), Mehta Equities Ltd.

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The BSE benchmark fell 136.69 points, or 0.26%, to 52,793.62 in the previous trading on Friday. The NSE Nifty fell 25.85 points, or 0.16%, to 15,782.15.

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Foreign institutional investors continued their selling frenzy on Friday, offloading shares worth Rs 3,780.08 crore, according to stock market data.

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Separately, the international oil benchmark Brent crude fell 1.57% to USD 109.80 per barrel. The foreign exchange (FX) market will be closed on Monday in observance of Buddha Purnima.