Markets trade firm in early trade after four days of losses

Published on: 26 Dec 2022 at 10:43 AM

Published by: PreetiMahajan

Mumbai, December 26

Equity benchmarks climbed in early trade on Monday after four days of losses amid positive global market trends.

Bouncing back from four days of losses, the 30-share BSE Sensex climbed 257.95 points to 60,103.24 in initial trade. On similar lines, the broader NSE Nifty advanced 77 points to 17,883.80.

Later in the trade, the BSE benchmark quoted 434.63 points higher at 60,279.92, while the Nifty traded 145.90 points up at 17,952.70.

Tata Steel, State Bank of India, HDFC Bank, UltraTech Cement, IndusInd Bank, Mahindra & Mahindra, HDFC and Power Grid were the major winners from the Sensex pack.

Bharti Airtel remained the only laggard.

Elsewhere in Asia, equity markets in Seoul, Tokyo and Shanghai were trading in the green.

The US markets had ended in positive territory on Friday.

The BSE benchmark had slumped 980.93 points or 1.61 percent to settle at 59,845.29 on Friday. The Nifty dropped 320.55 points or 1.77 per cent to end at 17,806.80.

International oil benchmark Brent crude climbed 3.63 percent to USD 83.92 per barrel.

According to exchange data, foreign institutional investors (FIIs) offloaded shares worth a net Rs 706.84 crore on Friday.