Markets rebound in early trade amid firm trends at Wall Street, buying in Kotak Bank
The Hindu
BSE Sensex and NSE Nifty rebounded in early trade on Monday following a rally in the U.S. markets and heavy buying in Kotak Mahindra Bank.
Equity benchmark indices rebounded in early trade on Monday following a rally in the U.S. markets and heavy buying in Kotak Mahindra Bank.
The 30-share BSE Sensex climbed 328.54 points to 74,206.69 in early trade. The NSE Nifty advanced 93.45 points to 22,569.30.
From the Sensex basket, Kotak Mahindra Bank jumped over 4% after the company reported a 25% growth in its March quarter net profit at ₹5,302 crore, limited by a drop in the core income due to narrow interest margins.
Tata Consultancy Services, JSW Steel, IndusInd Bank, ICICI Bank, Wipro and Axis Bank were among the other major gainers.
Titan, State Bank of India, Power Grid and Larsen & Toubro were the laggards.
In Asian markets, Shanghai and Hong Kong were trading in the positive territory.
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