Markets climb in initial trade on firm Asian equities
The Hindu
Sensex climbed to 61,168.47, and Nifty advanced to 17,979.45
Equity benchmark indices climbed in initial trade on Monday amid a positive trend in Asian markets.
The BSE Sensex climbed 165.9 points to 61,168.47. The NSE Nifty advanced 35.25 points to 17,979.45.
From the Sensex pack, Power Grid, HCL Technologies, ITC, Bharti Airtel, Hindustan Unilever, ICICI Bank, IndusInd Bank, Infosys, Tech Mahindra, NTPC and HDFC Bank were the major winners.
Tata Steel, Wipro, Nestle, Bajaj Finserv, Titan and Bajaj Finance were among the major laggards.
In Asian markets, Japan, South Korea, Hong Kong and China were trading in the positive territory.
The U.S. markets had ended on a mixed note on Friday.
"Markets may log steady gains in early trade on Monday as investors are likely to take cues from the optimism in SGX Nifty and other select Asian peers even as the key US indices closed mixed on Friday," said Prashanth Tapse - Research Analyst, Senior VP (Research), Mehta Equities Ltd.
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