Sensex, Nifty open on positive note on firm global trends, foreign funds inflows
The Hindu
Stock market registered major gains on Friday, July 29
BSE benchmark indices Sensex, Nifty opened on a positive note on Monday tracking firm global trends and fresh foreign fund inflows.
The 30-share BSE benchmark climbed 274.02 points to 57,844.27 and the broader NSE Nifty advanced 86.55 points to 17,244.80 in initial deals.
Among the Sensex constituents, Mahindra & Mahindra, Maruti Suzuki India, Reliance Industries, Power Grid, UltraTech Cement, Dr Reddy's, Wipro and Bharti Airtel were among the lead gainers.
Sun Pharma, IndusInd Bank, Hindustan Unilever and Bajaj Finserv were among the laggards.
In Asia, markets in Seoul, Shanghai and Tokyo were trading higher, while Hong Kong quoted lower.
The United States markets had ended on a higher note on Friday.
"The market will keep an eye on the July auto sales numbers to trickle-in later today, as this would be a likely indication of the health of the macro economy," Prashanth Tapse, Research Analyst, Senior VP (Research), Mehta Equities Ltd, said.
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