<p>Mumbai: Equity benchmark indices Sensex and Nifty rebounded in early trade on Friday after a three-day decline tracking a positive trend in Asian markets and foreign fund inflows.</p><p>After a flat start, the 30-share BSE Sensex later climbed 289.43 points to 81,651.30 in early trade. The 50-share NSE Nifty went up by 88.25 points to 24,881.50.</p><p>From the 30-Sensex firms, Mahindra & Mahindra, Eternal, State Bank of India, UltraTech Cement, Bajaj Finserv and Maruti were among the biggest gainers.</p><p>IndusInd Bank, Bajaj Finance, Tech Mahindra and Kotak Mahindra 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 quoting in the positive territory.</p><p>US markets were closed on Thursday for Juneteenth holiday.</p><p>Global oil benchmark Brent crude dropped 2.45 per cent to USD 76.92 a barrel.</p><p>"Nifty which has been trading within the 24,500-25,000 range for about a month now is likely to remain within this range in the near-term. The upper side of the range will be broken only on news of de-escalation of the Israel-Iran conflict or an abrupt end to the war.</p><p>"The lower side of the range is unlikely to break since big buying, particularly by domestic institutions, will emerge on dips. If the war lingers and crude rises beyond $85 the lower band of the range will be broken," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.</p><p>Foreign Institutional Investors (FIIs) bought equities worth Rs 934.62 crore on Thursday, according to exchange data. Domestic Institutional Investors (DIIs) also bought equities worth Rs 605.97 crore.</p><p>On Thursday, the 30-share BSE Sensex declined 82.79 points, or 0.10 per cent, to settle at 81,361.87. The Nifty dipped 18.80 points or 0.08 per cent to 24,793.25.</p>
<p>Mumbai: Equity benchmark indices Sensex and Nifty rebounded in early trade on Friday after a three-day decline tracking a positive trend in Asian markets and foreign fund inflows.</p><p>After a flat start, the 30-share BSE Sensex later climbed 289.43 points to 81,651.30 in early trade. The 50-share NSE Nifty went up by 88.25 points to 24,881.50.</p><p>From the 30-Sensex firms, Mahindra & Mahindra, Eternal, State Bank of India, UltraTech Cement, Bajaj Finserv and Maruti were among the biggest gainers.</p><p>IndusInd Bank, Bajaj Finance, Tech Mahindra and Kotak Mahindra 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 quoting in the positive territory.</p><p>US markets were closed on Thursday for Juneteenth holiday.</p><p>Global oil benchmark Brent crude dropped 2.45 per cent to USD 76.92 a barrel.</p><p>"Nifty which has been trading within the 24,500-25,000 range for about a month now is likely to remain within this range in the near-term. The upper side of the range will be broken only on news of de-escalation of the Israel-Iran conflict or an abrupt end to the war.</p><p>"The lower side of the range is unlikely to break since big buying, particularly by domestic institutions, will emerge on dips. If the war lingers and crude rises beyond $85 the lower band of the range will be broken," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.</p><p>Foreign Institutional Investors (FIIs) bought equities worth Rs 934.62 crore on Thursday, according to exchange data. Domestic Institutional Investors (DIIs) also bought equities worth Rs 605.97 crore.</p><p>On Thursday, the 30-share BSE Sensex declined 82.79 points, or 0.10 per cent, to settle at 81,361.87. The Nifty dipped 18.80 points or 0.08 per cent to 24,793.25.</p>