- By Aditya Pratap Singh
- Thu, 05 Sep 2024 10:27 AM (IST)
- Source:JND
The domestic benchmark indexes on Thursday climbed in early trade amid the buying of frontline equities in Reliance Industries and HDFC Bank and a steady inflow of foreign capital.
The 30-share BSE Sensex climbed 264.85 points to 82,617.49 in early trade. The NSE Nifty rose 76.75 points to 25,275.45.
Ultratech Cement, ITC, Tata Steel, Titan, JSW Steel, ICICI Bank, Reliance Industries, and HDFC Bank were the top gainers among the 30 Sensex companies. Bharti Airtel, Bajaj Finserv, Nestle, Bajaj Finance, and Mahindra & Mahindra were the laggards.
In Asian markets, Seoul and Shanghai are trading higher, while Tokyo and Hong Kong are trading lower. U.S. markets ended on a mixed note on Wednesday. According to exchange data, foreign institutional investors purchased equities worth Rs 975.46 crore on Wednesday.
According to a monthly survey, India's service sector activity increased by 5% in August, thanks to a strong increase in new work orders, while payrolls increased as companies remained optimistic about the economic outlook.
On Wednesday, the benchmark BSE declined 202.80 points, or 0.25 percent, to 82,352.64. The Nifty fell 81.15 points, or 0.32 percent, to close at 25,198.70, snapping a 14-day winning streak. The Nifty had gained 1,141 points, or 4.59 percent, in 14 consecutive sessions. Meanwhile, global oil benchmark Brent crude rose 0.19 percent to US$72.84 a barrel.
(With PTI's Input)