Markets climb in early trade

Benchmark stock indexes rose in early trade on Monday amid a rally in Asian markets, along with buying in heavyweight indices, IT counters, and Reliance Industries.

30 servings of mad cow Sensex It rose 146.98 points to 61,876.66 in early trading. NSE elegant It rose by 55.3 points, to 18,258.70 points.

Among Sensex companies, NTPC, Power Grid, Wipro, Infosys, Sun Pharma, Larsen & Toubro, Tech Mahindra, Reliance Industries, Tata Consultancy Services, Titan, ITC and State Bank of India were the main gainers.

Also read: Stocks that will see action on May 22, 2023

IndusInd Bank, Bharti Airtel, Nestle, Asian Paints, ICICI Bank and Axis Bank were the laggards.

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

The US market ended slightly lower on Friday.

Meanwhile, Brent crude, the global benchmark for oil, fell 0.87 percent to $74.92 a barrel.

The Sensex rose 297.94 points, or 0.48 percent, to settle at 61,729.68 on Friday. Nifty shares advanced 73.45 points, or 0.41 percent, to close at 18,203.40 points.

foreign institutional investors (FIIs) offloaded shares worth Rs 113.46 crore on Friday, after remaining buyers for a number of days, according to exchange data.