Stock markets surge in early trading; Sensex rises 156 points, Nifty above 21,700 amid positive global cues
Stock Market Update: Equity benchmark indices opened on a positive note on Monday amid positive global cues. 30-share BSE Sensex rises 155.62 points in early trade Has reached 72,181.77. Meanwhile, Nifty also increased by 53.15 points to reach 21,763.95 points.
Among Sensex companies, Tata Steel, Bharti Airtel, HCL Technologies, Reliance Industries, Sun Pharma and Titan were the biggest gainers. Hindustan Unilever, Bajaj Finance, Bajaj Finserv, ITC, IndusInd Bank And NTPC etc. were left behind.
Among Asian markets, Seoul, Shanghai and Hong Kong were trading along with losses. On Friday, the American market appeared to close with a slight gain. Global oil benchmark Brent crude fell 1.09 percent to US$77.90 a barrel
Rupee rises against dollar
Meanwhile, the rupee appreciated 9 paise to 83.06 against the US dollar in early trade on Monday due to positive domestic equity markets and pick up in foreign fund inflows. However, forex traders said a strong US currency and volatile crude oil prices weighed on the domestic currency.
At the interbank foreign exchange, the domestic currency opened at 83.09, and touched 83.04 before trading at 83.06 against the greenback in early deals, registering a rise of 9 paise.
With PTI inputs
The government estimates that the economy will grow by 7.3 percent in the current financial year 2022-23 as against 7.2 percent
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