<p>Mumbai: Benchmark equity indices climbed in early trade on Tuesday amid buying in HDFC Bank and Reliance Industries along with a positive monsoon forecast.</p><p>The 30-share BSE Sensex climbed 194.9 points to 75,585.40 in early trade. The NSE Nifty went up by 59.95 points to 22,992.40.</p><p>From the Sensex firms, NTPC, JSW Steel, Tata Steel, Wipro, State Bank of India, Larsen & Toubro, Bajaj Finance, Mahindra & Mahindra, HDFC Bank and Reliance Industries were the biggest gainers.</p><p>Tech Mahindra, ITC, Power Grid, Asian Paints and Titan were among the laggards.</p><p>Equity benchmarks were on a record-breaking rally for the third straight day on Monday ahead of the results of Lok Sabha polls.</p><p>The results of the ongoing general elections will be declared on June 4.</p><p>"Nifty is expected to continue its upward trend, though key events like the exit poll results, GDP data, and May F&O expiry could influence the market. Positive monsoon forecasts are likely to support agricultural output and economic growth," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.</p><p>India's core monsoon zone covering most of the rain-fed agriculture areas in the country is likely to receive above-normal rainfall this season, the IMD said on Monday.</p><p>In Asian markets, Seoul and Hong Kong were quoting in the positive territory while Tokyo and Shanghai traded lower.</p><p>US markets were closed on Monday for the Memorial Day holiday.</p><p>Global oil benchmark Brent crude climbed 0.23 per cent to USD 83.29 a barrel.</p><p>Foreign Institutional Investors (FIIs) offloaded equities worth Rs 541.22 crore on Monday, according to exchange data.</p><p>The BSE benchmark ended lower by 19.89 points or 0.03 per cent at 75,390.50 on Monday. Intra-day, the barometer climbed 599.29 points or 0.79 per cent to an all-time peak of 76,009.68.</p><p>The Nifty declined by 24.65 points or 0.11 per cent to end at 22,932.45. The 50-issue barometer climbed 153.7 points or 0.66 per cent to hit a new lifetime high of 23,110.80 during the day.</p><p>"As we approach the election results a bit of nervousness is visible in the market. The sharp correction in Nifty in the afternoon on Monday indicates this nervousness," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.</p>
<p>Mumbai: Benchmark equity indices climbed in early trade on Tuesday amid buying in HDFC Bank and Reliance Industries along with a positive monsoon forecast.</p><p>The 30-share BSE Sensex climbed 194.9 points to 75,585.40 in early trade. The NSE Nifty went up by 59.95 points to 22,992.40.</p><p>From the Sensex firms, NTPC, JSW Steel, Tata Steel, Wipro, State Bank of India, Larsen & Toubro, Bajaj Finance, Mahindra & Mahindra, HDFC Bank and Reliance Industries were the biggest gainers.</p><p>Tech Mahindra, ITC, Power Grid, Asian Paints and Titan were among the laggards.</p><p>Equity benchmarks were on a record-breaking rally for the third straight day on Monday ahead of the results of Lok Sabha polls.</p><p>The results of the ongoing general elections will be declared on June 4.</p><p>"Nifty is expected to continue its upward trend, though key events like the exit poll results, GDP data, and May F&O expiry could influence the market. Positive monsoon forecasts are likely to support agricultural output and economic growth," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.</p><p>India's core monsoon zone covering most of the rain-fed agriculture areas in the country is likely to receive above-normal rainfall this season, the IMD said on Monday.</p><p>In Asian markets, Seoul and Hong Kong were quoting in the positive territory while Tokyo and Shanghai traded lower.</p><p>US markets were closed on Monday for the Memorial Day holiday.</p><p>Global oil benchmark Brent crude climbed 0.23 per cent to USD 83.29 a barrel.</p><p>Foreign Institutional Investors (FIIs) offloaded equities worth Rs 541.22 crore on Monday, according to exchange data.</p><p>The BSE benchmark ended lower by 19.89 points or 0.03 per cent at 75,390.50 on Monday. Intra-day, the barometer climbed 599.29 points or 0.79 per cent to an all-time peak of 76,009.68.</p><p>The Nifty declined by 24.65 points or 0.11 per cent to end at 22,932.45. The 50-issue barometer climbed 153.7 points or 0.66 per cent to hit a new lifetime high of 23,110.80 during the day.</p><p>"As we approach the election results a bit of nervousness is visible in the market. The sharp correction in Nifty in the afternoon on Monday indicates this nervousness," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.</p>