NEW DELHI: Equity benchmark indices surged in early trading on Tuesday, buoyed by a global market rally and fresh foreign fund inflows. The BSE Sensex rose by 241.68 points, reaching 81,801.22, while the NSE Nifty climbed 78.4 points to 25,014.80.
Among the top gainers in the 30-share Sensex pack were Power Grid, Bharti Airtel, Axis Bank, Tata Steel, NTPC, Sun Pharma, Larsen & Toubro, and Titan. On the downside, Bajaj Finserv, Mahindra & Mahindra, Bajaj Finance, and Kotak Mahindra Bank lagged behind.
In Asia, markets in Seoul, Tokyo, and Hong Kong were trading higher, while Shanghai remained in the red. US markets also closed with significant gains on Monday.
Foreign Institutional Investors (FIIs) purchased equities worth Rs 1,176.55 crore, while Domestic Institutional Investors (DIIs) added Rs 1,757.02 crore to the market on Monday, according to exchange data.
Meanwhile, global oil benchmark Brent crude edged down by 0.08 percent to USD 71.78 per barrel.
“An overnight rebound on Wall Street, strong net buying from both FIIs and DIIs, and stable oil prices are likely to encourage bullish traders to continue seeking bargains,” said Prashanth Tapse, Senior Vice President (Research) at Mehta Equities Ltd.
On Monday, the Sensex rebounded by 375.61 points or 0.46 percent to close at 81,559.54, while the Nifty rose 84.25 points or 0.34 percent to settle at 24,936.40, snapping a three-day losing streak.Republished. Link to Original Article: https://timesofindia.indiatimes.com/business/india-business/sensex-nifty-gain-in-early-trade-amid-global-market-rally-and-foreign-fund-inflows/articleshow/113214134.cms