Stock Market: Stock markets rise in early trade after two days of decline
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Mumbai The losses that continued for the last two days in major equity markets came to a halt in early trade on Friday as positive global trends led to gains in Sensex and Nifty.
Wholesale sales of major auto companies including Maruti Suzuki India, Hyundai, Mahindra & Mahindra remained strong in May. Apart from this, GST collection remained more than Rs 1.50 lakh crore for the third consecutive month. It registered an increase of 12 percent in May. These factors also turned the market sentiment positive.
In early trade, the 30-share BSE Sensex climbed 291.3 points to 62,719.84 points. The NSE Nifty was up 85.95 points at 18,573.70. Tata Steel, UltraTech Cement, Hindustan Unilever, Mahindra & Mahindra, ITC, Tech Mahindra and Titan were the major gainers in the Sensex pack.
On the other hand, Infosys, IndusInd Bank and HDFC declined. US markets closed with gains on Thursday. Meanwhile, global oil benchmark Brent crude rose 0.70 per cent to $74.83 per barrel. Foreign institutional investors (FIIs) bought shares worth Rs 71.07 crore on Thursday, according to stock market data. Sell it.
Pc:Today
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