Markets climb in early trade on heavy buying in Reliance Industries

Published on: 10 Jul 2023 at 12:03 PM

Published by: The fact news

Mumbai, July 10

Equity benchmark indices rebounded in early trade on Monday amid unabated foreign fund inflows and buying in index major Reliance Industries and HDFC twins.

Bouncing back from Friday’s decline, the 30-share BSE Sensex climbed 252.87 points to 65,533.32 in early trade. The NSE Nifty advanced 76.1 points to 19,407.90.

From the Sensex pack, Reliance Industries quoted with over 3 percent gains. The biggest gainers were HDFC, Tata Motors, State Bank of India, HDFC Bank, Axis Bank, UltraTech Cement, and Mahindra & Mahindra.

Among the laggards, HCL Technologies, Titan, Power Grid, Bajaj Finance, Tata Consultancy Services, Tech Mahindra, Wipro and Bajaj Finserv.

According to exchange data, Foreign Institutional Investors (FIIs) continued their buying activity as they bought equities worth Rs 790.4 crore on Friday.

In Asian markets, Shanghai and Hong Kong quoted in the green while Seoul and Tokyo traded lower.

The US markets ended in negative territory on Friday.