Stock Market: Sensex and Nifty gains in early trade; rupee depreciates 22 paise against dollar

The 30-share BSE benchmark rose 111.88 points or 0.19 per cent. NSE Nifty gained 25.70 points or 0.15 per cent to cross 17,400 mark

Mumbai: Amid a mixed trend in global markets, the BSE benchmark Sensex rose more than 110 points in early trade on Monday, following rises in index stalwarts M&M, Reliance Industries, and HDFC twins.

After opening on a weak note, the 30-share BSE benchmark rose 111.88 points or 0.19 per cent to 58,499.81 in morning deals.

The broader NSE Nifty gained 25.70 points or 0.15 per cent to 17,423.20.

Also, the rupee depreciated 22 paise to 79.46 against the US dollar in early trade.

Mahindra & Mahindra was the biggest gainer from the Sensex pack, rising more than 2 per cent, followed by IndusInd Bank, NTPC, Reliance Industries, HDFC Bank and Maruti.

State Bank of India, Infosys, Tata Consultancy Services and ICICI Bank were among the major laggards.

In Asia, markets in Tokyo and Shanghai were trading higher, while Seoul and Hong Kong quoted lower.

The US markets had ended mostly lower on Friday.

The BSE benchmark ended 89.13 points or 0.15 per cent higher at 58,387.93 on Friday. The Nifty went up by 15.50 points or 0.09 per cent to finish at 17,397.50.

Meanwhile, international oil benchmark Brent crude went higher by 0.21 per cent to USD 95.12 per barrel.

Foreign institutional investors remained net buyers in the capital markets as they bought shares worth Rs 1,605.81 crore on Friday, as per exchange data.

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