<p>Mumbai: Equity benchmark indices Sensex and Nifty climbed in initial trade on Wednesday following a rally in global markets amid US-China trade talks optimism and foreign fund inflows.</p>.<p>The 30-share BSE Sensex rose 118.11 points to 82,509.83 in early trade. The 50-share NSE Nifty went up by 33.3 points to 25,137.55.</p>.<p>From the Sensex firms, Eternal, Reliance Industries, Mahindra & Mahindra, Tata Motors, NTPC and Tata Steel were among the biggest gainers.</p>.<p>Kotak Mahindra Bank, HDFC Bank, Power Grid, Larsen & Toubro, IndusInd Bank and Axis Bank were among the laggards.</p>.<p>In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng were trading in the positive territory.</p>.<p>US markets ended higher on Tuesday.</p>.<p>Foreign Institutional Investors (FIIs) bought equities worth Rs 2,301.87 crore on Tuesday, according to exchange data.</p>.<p>"The market is likely to continue in the consolidation range with a slight upward bias. A clear breakout above the Nifty 25,100 level, and sustaining above this level, will require sustained large buying.</p>.<p>"This can happen on positive news regarding a US-China trade deal. Reports of both countries reaching an agreement to implement the Geneva consensus are positive," VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, said.</p>.<p>Global oil benchmark Brent crude dipped 0.16 per cent to USD 66.76 a barrel.</p>.<p>On Tuesday, the 30-share Sensex declined by 53.49 points or 0.06 per cent to settle at 82,391.72. The Nifty eked out a marginal gain of 1.05 points to end at 25,104.25.</p>
<p>Mumbai: Equity benchmark indices Sensex and Nifty climbed in initial trade on Wednesday following a rally in global markets amid US-China trade talks optimism and foreign fund inflows.</p>.<p>The 30-share BSE Sensex rose 118.11 points to 82,509.83 in early trade. The 50-share NSE Nifty went up by 33.3 points to 25,137.55.</p>.<p>From the Sensex firms, Eternal, Reliance Industries, Mahindra & Mahindra, Tata Motors, NTPC and Tata Steel were among the biggest gainers.</p>.<p>Kotak Mahindra Bank, HDFC Bank, Power Grid, Larsen & Toubro, IndusInd Bank and Axis Bank were among the laggards.</p>.<p>In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng were trading in the positive territory.</p>.<p>US markets ended higher on Tuesday.</p>.<p>Foreign Institutional Investors (FIIs) bought equities worth Rs 2,301.87 crore on Tuesday, according to exchange data.</p>.<p>"The market is likely to continue in the consolidation range with a slight upward bias. A clear breakout above the Nifty 25,100 level, and sustaining above this level, will require sustained large buying.</p>.<p>"This can happen on positive news regarding a US-China trade deal. Reports of both countries reaching an agreement to implement the Geneva consensus are positive," VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, said.</p>.<p>Global oil benchmark Brent crude dipped 0.16 per cent to USD 66.76 a barrel.</p>.<p>On Tuesday, the 30-share Sensex declined by 53.49 points or 0.06 per cent to settle at 82,391.72. The Nifty eked out a marginal gain of 1.05 points to end at 25,104.25.</p>