Sensex, Nifty climb on foreign fund inflows; record GST collection in April

Equity benchmarks climbed in early trade on May 2 amid continuous foreign fund inflows and record GST collection in April.

Equity benchmarks climbed in early trade on May 2 amid continuous foreign fund inflows and record GST collection in April.

Also, a largely firm trend in Asian gauges and buying in index major Reliance Industries and IT counters added to the optimism.

The 30-share BSE Sensex climbed 276.61 points to 61,389.05 in early trade. The broader NSE Nifty went up 89.65 points to 18,154.65.

From the Sensex firms, Infosys, Larsen & Toubro, Wipro, Power Grid, Nestle, NTPC, Asian Paints, HDFC, Hindustan Unilever, Reliance Industries, Tech Mahindra and Tata Steel were the biggest gainers.

Tata Motors, Kotak Mahindra Bank and UltraTech Cement were the laggards.

In Asian markets, Seoul, Shanghai and Hong Kong were trading in the green, while Japan quoted lower.

The U.S. markets had ended marginally lower on May 1.