Markets climb in early trade on firm global trends, foreign fund inflows

Benchmark stock indices rose in early trading on Tuesday, tracking the positive trend in global markets and the continued inflow of foreign funds.

Buying into the main index of Reliance Industries also added to the positive momentum in the equity markets.

30 servings of mad cow Sensex It jumped 356.13 points to 65,700.30 in early trading. NSE elegant It rose 102.45 points to 19458.35 points.

from Sensex packaging, Bajaj FinanceAnd Bajaj FinservAnd MarutiAnd Mahindra and MahindraIndusInd Bank Larsen and ToubroAnd Reliance Industries And Titan were the main winners.

Wipro Featured as the only defaulter from the 30 serving package.

In the Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the green.

US markets closed in positive territory on Monday.

Foreign Institutional Investors (FIIs) continued their buying momentum as they bought Rs 588.48 crore worth of shares on Monday, according to exchange data.

Brent crude, the global benchmark, jumped 0.53 percent to $78.10 a barrel.

“The overnight rally in US markets and early gains in Asian gauges may add to the optimism in local stocks, as investors are likely to follow suit and maintain the buying momentum.

“However, caution may prevail at a later stage due to the focus on two big catalysts – the US June CPI numbers due on Wednesday, and a possible rate hike by the US Federal Reserve at the FOMC meeting on July 26,” He said. Prashanth Tapse, Senior Vice President (Research), Mehta Equities Ltd.

The BSE benchmark rose 63.72 points, or 0.10 percent, to settle at 65,344.17 on Monday. The Nifty Index advanced 24.10 points, or 0.12 percent, to close at 19,355.90.