In early trading on Monday, the Sensex, India’s benchmark stock index, gained 179.16 points or 0.30% to reach 59,834.22 points, while the Nifty, the broader 50-share index, rose by 46.75 points or 0.27% to reach 17,670.80 points, amid mixed global cues.
In the Sensex pack, 13 stocks were trading in the green, while the remaining 17 shares were in the negative territory.
The initial gains were led by buying in the counters of Reliance Industries and ICICI Bank, among others. Reliance Industries, ICICI Bank, Wipro and State Bank of India rose more than 1 per cent.
Among the Nifty shares, 23 were trading in the positive zone.
In the Asia Pacific region, stocks were showing mixed trends as Japan’s Nikkei 225 was trading in the positive territory, while Hong Kong’s Hang Seng and China’s SSE Composite Index were trading lower.
On Friday, the US market as well as most of the European benchmark indices closed with gains.
In a pre-market open note, Deepak Jasani, Head of Retail Research at HDFC securities, said Indian markets could open mildly higher, despite mixed Asian markets today and in line with higher US markets on Friday.
Sensex and Nifty had closed on a mixed note on Friday, with the 30-share benchmark index closing marginally higher, while the broader Nifty ended the day in the red.
During the week, investors will also be keeping a close watch on corporate earnings.
Foreign Portfolio Investors (FPIs) were net sellers on Friday as they offloaded domestic equities worth ₹2,116.76 crore, as per exchange data.
