Stock Market Today: Sensex, Nifty Rebound In Early Trade After Two Days Of Slump

Following two days of steep declines, the equity benchmark indices, the Sensex and Nifty, recovered in early trading on Monday, following a surge in Asian markets. Early trading saw the 30-share BSE Sensex rise 288.79 points to 81,407.39. At 24,817.50, the 50-share NSE Nifty increased by 98.9 points.

The top winners among the 30-Sensex companies were Power Grid, UltraTech Cement, Bharti Airtel, Larsen & Toubro, Asian Paints, NTPC, Tata Consultancy Services, and Infosys. The laggards included Kotak Mahindra Bank, Adani Ports, Axis Bank, and Tata Motors.

Hong Kong's Hang Seng quoted lower, while Shanghai's SSE Composite index, Japan's Nikkei 225 index, and South Korea's Kospi were all trading in the positive zone in Asian markets. Friday saw a decline in US markets.

Brent crude, a global oil benchmark, increased 0.73 percent to USD 74.77 per barrel. Exchange data shows that on Friday, foreign institutional investors (FIIs) sold off stocks valued at Rs 1,263.52 crore.

The 30-share BSE Sensex fell 573.38 points, or 0.70 percent, on Friday, ending the day at 81,118.60. At 24,718.60, the Nifty fell 169.60 points, or 0.68 percent.

The BSE benchmark fell 1,396.54 points, or 1.69 percent, over the last two days, while the Nifty fell 422.8 points, or 1.68 percent.