Stock markets climb in early trade on firm global trends

The BSE Sensex climbed 503.56 points to 59,412.91 after starting the trade on a positive note

Published - March 03, 2023 10:53 am IST - Mumbai

File image.

File image. | Photo Credit: Arunangsu Roy Chowdhury

Market benchmarks climbed in early trade on March 3, bouncing back from the previous day's fall, following a positive trend in global equities and fresh foreign fund inflows.

The BSE Sensex climbed 503.56 points to 59,412.91 after starting the trade on a positive note. The NSE Nifty advanced 157.15 points to 17,479.05.

From the Sensex pack, State Bank of India, Power Grid, IndusInd Bank, NTPC, HCL Technologies, Bharti Airtel, ITC, Mahindra & Mahindra, Reliance Industries and HDFC Bank were the major gainers.

Asian Paints was the only laggard.

In Asian markets, Seoul, Japan, China and Hong Kong were trading in the green.

The U.S. markets had ended higher on Thursday.

Foreign Portfolio Investors (FPIs) bought shares worth ₹12,770.81 crore on Thursday, according to exchange data.

The BSE benchmark had tumbled 501.73 points or 0.84% to settle at 58,909.35 on Thursday. The Nifty declined 129 points or 0.74% to end at 17,321.90.

International oil benchmark Brent crude dipped 0.40% to $84.43 per barrel.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.