Equity markets climb in early trade
The Hindu
Mumbai equity indices rise on Aug 7, buoyed by ICICI Bank and Reliance Industries. Sensex up 210.43 pts to 65,931.68, Nifty 66.1 pts to 19,583.10. Asian markets mixed, U.S. markets lower. FIIs offload equities worth ₹556.32 crore. Sensex up 0.74%, Nifty 0.70% on Fri.
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 30-share 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.
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.