Sensex, Nifty climb in early trade

Posted on by

Benchmark equity indices climbed in early trade on August 7, extending their previous day’s rally, amid buying in index majors ICICI Bank and Reliance Industries along with a mixed trend in Asian markets.

The BSE Sensex climbed 210.43 points to 65,931.68 in early trade. The NSE Nifty advanced 66.1 points to 19,583.10.

From the Sensex pack, Mahindra & Mahindra, Sun Pharma, Larsen & Toubro, NTPC, ICICI Bank, UltraTech Cement, Wipro, Tata Consultancy Services, HCL Technologies and Reliance Industries were the major gainers.

Also read: Index Outlook: Nifty 50, Sensex: Resistances ahead

Nestle, Tata Steel, ITC, IndusInd Bank, Power Grid and Bajaj Finance were among the laggards.

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

The U.S. markets ended lower on Friday.

Global oil benchmark, Brent crude, dipped 0.06% to $86.19 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹556.32 crore on Friday, according to exchange data.

After three days of decline, the Sensex on Friday climbed 480.57 points or 0.74% to settle at 65,721.25. The Nifty advanced 135.35 points or 0.70% to end at 19,517.