Mumbai: Equity benchmark indices Sensex and Nifty rose in early trade on Monday amid a rise in Asian markets, fall in Brent crude oil prices and buying by foreign investors.
Extending its previous day's gains, the 30-share BSE Sensex rose 639.8 points to 73,728.18 in early trade. NSE Nifty rose 190.1 points to 22,337.10.
UltraTech Cement, Axis Bank, Bajaj Finance, Larsen Toubro, Tata Steel and Tata Motors were the major gainers in the Sensex.
HDFC Bank, JSW Steel, Mahindra & Mahindra and ITC were among the laggards.
In Asian markets, Seoul, Tokyo and Hong Kong were trading in positive territory while Shanghai was quoted lower.
Wall Street ended Friday with a mixed trend.
Global oil benchmark Brent crude fell 0.74 percent to US$86.64 per barrel.
VK Vijayakumar said, "The biggest positive for the market in the near term is that Israel-Iran tensions are not likely to escalate. The fall in Brent crude from $90 to $87 is a confirmation of this expected reduction." , Chief Investment Strategist, Geojit Financial Services
According to exchange data, foreign institutional investors (FIIs) became buyers on Friday and bought equities worth Rs 129.39 crore.
On Friday, the BSE benchmark closed 599.34 points or 0.83 per cent higher at 73,088.3. NSE Nifty jumped 151.15 points or 0.69 per cent to 22,147.
Extending its previous day's gains, the 30-share BSE Sensex rose 639.8 points to 73,728.18 in early trade. NSE Nifty rose 190.1 points to 22,337.10.
UltraTech Cement, Axis Bank, Bajaj Finance, Larsen Toubro, Tata Steel and Tata Motors were the major gainers in the Sensex.
HDFC Bank, JSW Steel, Mahindra & Mahindra and ITC were among the laggards.
In Asian markets, Seoul, Tokyo and Hong Kong were trading in positive territory while Shanghai was quoted lower.
Wall Street ended Friday with a mixed trend.
Global oil benchmark Brent crude fell 0.74 percent to US$86.64 per barrel.
VK Vijayakumar said, "The biggest positive for the market in the near term is that Israel-Iran tensions are not likely to escalate. The fall in Brent crude from $90 to $87 is a confirmation of this expected reduction." , Chief Investment Strategist, Geojit Financial Services
According to exchange data, foreign institutional investors (FIIs) became buyers on Friday and bought equities worth Rs 129.39 crore.
On Friday, the BSE benchmark closed 599.34 points or 0.83 per cent higher at 73,088.3. NSE Nifty jumped 151.15 points or 0.69 per cent to 22,147.
