Market report. Sensex rises by 235 pts in early trade as IT, auto shares advance

PTI Updated - June 27, 2023 at 10:11 AM.

BSE Sensex climbs 235.52 points to 63,205.52, while NSE Nifty advances 72.4 points to 18,763.60

Sensex and Nifty advanced in early trade, on Tuesday, helped by buying in index majors HDFC twins and Infosys amid a mixed trend in Asian markets.

The 30-share BSE Sensex climbed 235.52 points to 63,205.52 in early trade. The NSE Nifty advanced 72.4 points to 18,763.60.

From the Sensex pack, Tata Steel, Mahindra & Mahindra, Asian Paints, Infosys, Bharti Airtel, Tata Motors, Larsen & Toubro, NTPC, HDFC, and HDFC Bank were the major gainers.

Titan, IndusInd Bank, Hindustan Unilever, ICICI Bank, Maruti, and ITC were among the laggards.

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In Asian markets, Shanghai and Hong Kong traded in the green, while Seoul and Tokyo quoted lower. The US markets ended in the negative terrain on Monday.

"In the past few sessions, any intra-day strength is driven by only a few companies across a narrow set of sectors," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

Global oil benchmark, Brent crude, climbed 0.47 per cent to $74.53 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹409.43 crore on Monday, according to exchange data.

In a lacklustre trading on Monday, the BSE benchmark dipped 9.37 points or 0.01 per cent to settle at 62,970, logging its third day of decline. The Nifty edged up by 25.70 points or 0.14 per cent to settle at 18,691.20.

Published on June 27, 2023 04:40

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