Sensex, Nifty climb in early trade after two days of fall

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Benchmark stock indices rose in early trading on Monday after falling in the past two trading sessions amid optimism in US markets and buying at IT counters.

BSE Sensex, which includes 30 shares, rose 158.02 points to 62,783.65 in early trade. NSE Nifty advanced 70.2 points to 18,633.60.

From Sensex Group, Infosys, HCL Technologies, Tata Steel, Bajaj Finance, Tech Mahindra, Tata Motors, Mahindra & Mahindra and Tata Consultancy Services were the main gainers.

Larsen & Toubro, Titan, Reliance Industries, Axis Bank and Indus Indus Bank were among the defaulters.

Also read: The rupee rose 7 pounds to 82.40 against the US dollar in early trading

In Asian markets, Tokyo prices traded in the green, while Seoul, Shanghai, and Hong Kong traded lower.

US markets closed in positive territory on Friday.

The global oil benchmark, Brent crude, fell 1.12 percent to $73.95 a barrel.

Foreign institutional investors (FIIs) offloaded shares worth ₹308.97 crore on Friday, according to exchange data.

30 servings BSE index fell 223.01 points, or 0.35 percent, to settle at 62,625.63 on Friday. the Nifty went even lower by 71.15 points, or 0.38 percent, to close at 18,563.40 points.

Also read: Global 360: The outcome of the Fed’s direction-setting meeting

“This week, markets will react to a flurry of important economic data. US inflation data on June 13th, FOMC interest rate decision 14th, European Central Bank (ECB) 15th, and CPI data In India the CPI for May today will give an indication of the economic direction and market potential.

“Markets are approaching these data points with cautious optimism as reflected in bull market conditions,” said VK Vijayakumar, chief investment strategist at Geojit Financial ServicesHe said.