• Source:JND
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Stock Market:  The benchmark stock indices climbed in early trade on Monday, with the Nifty hitting a new all-time high and the Sensex rising 290 points, thanks to buying in IT stocks and fresh foreign fund inflows. The rise in global markets also boosted the positive trend in stocks.

The 30-share BSE Sensex rose 290.46 points to 80,809.80 in early trade. The NSE Nifty climbed 95.85 points to touch a new all-time high of 24,598.

Among the Sensex pack, HCL Technologies rose more than 3 percent after the IT services company reported a 20.4 percent rise in consolidated net profit to Rs 4,257 crore for the quarter ended June and gave a guidance of 3-5 percent revenue growth in the centennial—Centenary for FY25 on GenAI's diversification and strong operational execution.

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Other major gainers included UltraTech Cement, Maruti, Tata Motors, Mahindra & Mahindra,  NTPC,  Tata Consultancy Services and Kotak Mahindra Bank.

Asian Paints, Power Grid, Tata Steel, and Axis Bank were laggards. In Asian markets, Seoul and Shanghai traded higher while Hong Kong prices were lower.

US markets ended in positive territory on Friday. According to stock exchange data, foreign institutional investors (FIIs) purchased shares worth Rs 4,021.60 crore on Friday. Brent crude, the global benchmark, rose 0.20 percent to $85.20 a barrel.

(With Agencies Input)

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