MUMBAI: Equity benchmark indices rose in early trade on Monday amid buying in blue-chip stocks like Reliance Industries and Bharti Airtel along with a rally in Asian markets.
In early trade, the 30-share BSE Sensex rose 69.63 points to 79,102.36. Nifty rose 37.85 points to 24,048.45.
Maruti, JSW Steel, Bharti Airtel, Tata Steel, Reliance Industries, Tech Mahindra, Infosys and Nestle were the top gainers in the Sensex pack.
NTPC, Power Grid, ICICI Bank and Larsen & Toubro were among the laggards.
In Asian markets, Seoul, Tokyo and Shanghai were at higher prices.
American markets closed with a decline on Friday.
“The market is likely to remain resilient despite high valuations. The healthy trend in the recent rally, which has pushed the Nifty up 6.5 per cent in June, is that it has been led by fundamentals like RIL, major private sector banks and Bharti Being driven by strong largecaps,” said VK Vijayakumar, chief investment strategist, Geojit Financial Services.
Global oil benchmark Brent crude rose 0.52 percent to US$85.44 per barrel.
According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 23.09 crore on Friday.
On Friday, the BSE benchmark closed at 79,032.73, down 210.45 points or 0.27 per cent. During the day, it jumped 428.4 points or 0.54 percent to hit a new record peak of 79,671.58.
Nifty fell 33.90 points or 0.14 per cent to 24,010.60. During the day, it climbed 129.5 points or 0.53 percent to hit a new lifetime high of 24,174.
In early trade, the 30-share BSE Sensex rose 69.63 points to 79,102.36. Nifty rose 37.85 points to 24,048.45.
Maruti, JSW Steel, Bharti Airtel, Tata Steel, Reliance Industries, Tech Mahindra, Infosys and Nestle were the top gainers in the Sensex pack.
NTPC, Power Grid, ICICI Bank and Larsen & Toubro were among the laggards.
In Asian markets, Seoul, Tokyo and Shanghai were at higher prices.
American markets closed with a decline on Friday.
“The market is likely to remain resilient despite high valuations. The healthy trend in the recent rally, which has pushed the Nifty up 6.5 per cent in June, is that it has been led by fundamentals like RIL, major private sector banks and Bharti Being driven by strong largecaps,” said VK Vijayakumar, chief investment strategist, Geojit Financial Services.
Global oil benchmark Brent crude rose 0.52 percent to US$85.44 per barrel.
According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 23.09 crore on Friday.
On Friday, the BSE benchmark closed at 79,032.73, down 210.45 points or 0.27 per cent. During the day, it jumped 428.4 points or 0.54 percent to hit a new record peak of 79,671.58.
Nifty fell 33.90 points or 0.14 per cent to 24,010.60. During the day, it climbed 129.5 points or 0.53 percent to hit a new lifetime high of 24,174.
