Asian markets are buying and selling on a optimistic facet as traders are following traits of the US markets.
Asian markets are buying and selling on a optimistic facet as traders are following traits of the US markets.
Equity benchmarks prolonged their rally on Monday, with the Sensex leaping over 693 factors in early commerce, aided by heavy shopping for in index majors Reliance Industries and Infosys amid a agency pattern in Asian equities.
The 30-share BSE Sensex rallied 693.56 factors to 55,578.22 in early commerce. The broader NSE Nifty jumped 213.75 factors to 16,566.20.
From the Sensex pack, Infosys, Titan, HCL Technologies, Larsen & Toubro, Reliance Industries, UltraTech Cement, Wipro, TCS and HDFC had been the main gainers in early commerce.
In distinction, Dr Reddy’s was the one laggard from the 30-share pack.
Elsewhere in Asia, markets in Seoul, Shanghai, Tokyo and Hong Kong had been buying and selling within the inexperienced.
Stock markets within the US ended considerably greater on Friday.
“Asian markets are trading on a positive side as investors are following trends of the US markets,” mentioned Mohit Nigam, Head – PMS, Hem Securities.
The Sensex rallied 632.13 factors or 1.17 per cent to settle at 54,884.66 on Friday. The Nifty jumped 182.30 factors or 1.13% to finish at 16,352.45.
International oil benchmark Brent crude gained 0.48% to USD 120 per barrel.
Foreign institutional traders continued their promoting spree as they offloaded shares value Rs 1,943.10 crore on Friday, as per inventory trade knowledge.
Source: www.thehindu.com
