Sensex, Nifty rise in early trade

Sensex and Nifty jumped in early trading on Monday amid mixed global signals.

Sensex, which includes 30 shares, jumped 179.16 points, or 0.30 percent, to 59,834.22 points, while the broader 50-share Nifty rose 46.75 points, or 0.27 percent, to 17,670.80 points.

In the Sensex package, 13 stocks were trading in the green, while the remaining 17 stocks were in the negative.

Initial gains were led by counter buying Reliance Industries and ICICI Bank, among others. Reliance Industries, ICICI Bank, Wipro and State Bank of India rose more than 1 percent.

Among the Nifty stocks, 23 stocks traded in the positive territory.

In the Asia-Pacific region, stocks were showing mixed trends as Japan’s Nikkei 225 traded in positive territory, while Hong Kong’s Hang Seng and China’s SSE Composite traded lower.

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The US market and most European indices closed higher on Friday.

In a pre-market open note, Deepak Jasani, head of retail research at HDFC Securities, said Indian markets could open moderately higher, despite the mixed Asian markets today and in line with the higher US markets on Friday.

Sensex and Nifty closed on mixed notes on Fridaywith the benchmark 30-share index closing slightly higher, while the broader Nifty index ended the day in the red.

During the week, investors will be closely watching corporate earnings.

Foreign Portfolio Investors (FPIs) were net sellers on Friday as they offloaded local stocks worth Rs 2,116.76 crore, according to exchange data.