<p>Equity benchmark Sensex jumped over 200 points in early trade on Monday, tracking gains in index majors Infosys, ITC and HUL amid a positive trend in global markets.</p>.<p>The 30-share index was trading 219.52 points or 0.40 per cent higher at 54,497.24, while the broader NSE Nifty advanced 65.05 points or 0.40 per cent to 16,303.25.</p>.<p>M&M was the top gainer in the Sensex pack, rising over 2 per cent, followed by Tech Mahindra, Titan, Bajaj Finserv, IndusInd Bank and Asian Paints.</p>.<p>On the other hand, Kotak Bank, Reliance Industries, Dr Reddy’s and HDFC Bank were among the laggards.</p>.<p>In the previous session, Sensex ended 215.12 points or 0.39 per cent lower at 54,277.72, and Nifty fell 56.40 points or 0.35 per cent to 16,238.20.</p>.<p>Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 69.37 crore on Friday, as per provisional exchange data.</p>.<p>"RBI’s continued soft monetary policy stance to support ongoing economic recovery augurs well for domestic equities," said Binod Modi Head-Strategy at Reliance Securities.</p>.<p>Further, faster vaccination process in the country and absence of sharp spike in daily caseload despite opening-up economy bode well, he noted.</p>.<p>Also, sharp improvement in key economic indicators like GST collection, auto sales volume and other high-frequency indicators like e-way bills in July suggests sustainable rebound in corporate earnings in subsequent quarters. This should aid the market to sustain premium valuations, he added.</p>.<p>Elsewhere in Asia, bourses in Shanghai, Hong Kong and Seoul were trading with gains in mid-session deals.</p>.<p>Meanwhile, international oil benchmark Brent crude fell 1.82 per cent to $69.41 per barrel.</p>
<p>Equity benchmark Sensex jumped over 200 points in early trade on Monday, tracking gains in index majors Infosys, ITC and HUL amid a positive trend in global markets.</p>.<p>The 30-share index was trading 219.52 points or 0.40 per cent higher at 54,497.24, while the broader NSE Nifty advanced 65.05 points or 0.40 per cent to 16,303.25.</p>.<p>M&M was the top gainer in the Sensex pack, rising over 2 per cent, followed by Tech Mahindra, Titan, Bajaj Finserv, IndusInd Bank and Asian Paints.</p>.<p>On the other hand, Kotak Bank, Reliance Industries, Dr Reddy’s and HDFC Bank were among the laggards.</p>.<p>In the previous session, Sensex ended 215.12 points or 0.39 per cent lower at 54,277.72, and Nifty fell 56.40 points or 0.35 per cent to 16,238.20.</p>.<p>Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 69.37 crore on Friday, as per provisional exchange data.</p>.<p>"RBI’s continued soft monetary policy stance to support ongoing economic recovery augurs well for domestic equities," said Binod Modi Head-Strategy at Reliance Securities.</p>.<p>Further, faster vaccination process in the country and absence of sharp spike in daily caseload despite opening-up economy bode well, he noted.</p>.<p>Also, sharp improvement in key economic indicators like GST collection, auto sales volume and other high-frequency indicators like e-way bills in July suggests sustainable rebound in corporate earnings in subsequent quarters. This should aid the market to sustain premium valuations, he added.</p>.<p>Elsewhere in Asia, bourses in Shanghai, Hong Kong and Seoul were trading with gains in mid-session deals.</p>.<p>Meanwhile, international oil benchmark Brent crude fell 1.82 per cent to $69.41 per barrel.</p>