Sensex climbs 70 points on firm trend in Asian markets
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Extending its climb for the fourth consecutive session, the benchmark BSE Sensex traded over 70 points on Monday amid a firming trend in Asian bourses.
At 1016 hours, the 30-share index was trading up 70.29 points, or 0.30%, to 23,779.44, slightly lower from its early morning trade.
The BSE index rose 74.32 points, or 0.31%, to 23,783.47 in the early morning trade on Monday. The gauge had gained 517.18 points in the previous three sessions.
Hindustan Unilever, Bharti Airtel, Tata Motors, L&T, M&M, Lupin, RIL, SBI, ONGC, Dr Reddy's Lab, Sun Pharma, ICICI Bank, Cipla, Asian Paints, Axis Bank, Adani Ports, and TCS were the major gainers that rallied the index.
Also, the NSE Nifty was trading higher by 16.70 points, or 0.23 %, at 7,227.45.
Brokers said retail investors lapping up shares, taking positive cues from other Asian bourses and cheered by rising oil prices, influenced the sentiment in India.
In rest of Asia, Hong Kong's Hang Seng rose 0.99% while Japan's Nikkei edged up 0.58% in early trade on Monday.
The Shanghai Composite Index gained 2.23% on reports that the head of the securities regulator has been asked to go following China's market woes.
The US Dow Jones Industrial Average, however, ended 0.13% lower in Friday's trade.
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