Benchmark indices trade higher on firm global market trends

PTI, Oct 31, 2022, 10:49 AM IST

Representative Image (Source: Shutterstock)

Mumbai: Equity benchmark indices made a positive start on Monday with the Sensex climbing 563 points in early trade amid firm global market trends and fresh foreign fund inflow.

Continuing its rally for the third day running, the 30-share BSE benchmark climbed 563.09 points to 60,522.94 in early trade. On similar lines, the broader NSE Nifty advanced 161.55 points to 17,948.35.

From the Sensex pack, Tech Mahindra, Maruti, Dr Reddy’s, HCL Technologies, Axis Bank, Infosys, Titan, Hindustan Unilever and Mahindra & Mahindra were the major winners.

NTPC and Tata Steel were the only laggards.

Elsewhere in Asia, markets in Seoul, Tokyo and Hong Kong traded higher, while Shanghai quoted lower.

Wall Street had ended significantly higher on Friday.

“Technically the market is poised to continue the ongoing rally aided by support from the mother market US… The fact that FPIs have turned buyers during the last 2 days is another positive,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

The BSE benchmark climbed 203.01 points or 0.34 per cent to settle at 59,959.85 on Friday. The Nifty advanced 49.85 points or 0.28 per cent to end at 17,786.80.

International oil benchmark Brent crude was trading 0.52 per cent lower at USD 95.27 per barrel.

Foreign Institutional Investors (FIIs) were buyers on Friday as they bought shares worth Rs 1,568.75 crore, as per exchange data.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Coast Guard rescues stranded Indian fishing boat with 11 crew members off Kerala coast

‘World is on fire’ because of Biden, says Trump’s aide

How can government issue contracts for solid waste management without landfills? asks DKShi

Two soldiers injured in gunfight with terrorists in J & K’s Doda

Heavy rains: Holiday for schools, PU colleges in Byndoor and Hebri

Fake Holiday Order: Dakshina Kannada DC instructs officials to file FIR

Valmiki Corp. funds used to purchase liquor before general elections: ED

Related Articles More

IMF forecasts Indian growth rate at seven per cent in 2024

Scindia brainstorms with Ambani, Mittal, others to chart telecom growth roadmap

Byju’s faces insolvency proceedings for failure to pay Rs 158.9 cr to BCCI

Sensex, Nifty close at record high levels for third day in a row

Windfall tax on crude petroleum hiked to Rs 7,000/tonne


Brahma Kumaris

Tapta Mudra Dharana

Banana Farming

Aghnashini River

Dr. Rajkumar

Latest Additions

Mumbai receives heavy showers, residents complain of waterlogging

Rain havoc in Chikmagalur: House collapses, caught on cam

Flood Alert: Netravati river submerges agricultural fields

Adityanath suggests greeting ‘kanwariyas’ with shikanji, drone deployment to monitor Yatra

Amid Kannadiga reservation concerns in Karnataka, Andhra IT Minister invites companies to state

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.