Markets rise early amid global equities boom, foreign funds.
In early trade, the 30-share BSE Sensex gained 245.32 points to 80,170.09, while the NSE Nifty gained 78.2 points to 24,402.65.
Mumbai: Due to a surge in worldwide markets and ongoing inflows of foreign funds, equity benchmark indices saw a resurgence in early trade on Thursday.
Investing in IT stocks contributed to the upward trend in stock prices.
In early trading, the 30-share BSE Sensex increased 245.32 points to 80,170.09. The NSE Nifty reached 24,402.65, an increase of 78.2 points.
Tata Consultancy Services rose more than 1% among the Sensex group ahead of its quarterly earnings report later in the day.
HCL Technologies, Tata Motors, Tata Steel, Maruti, Infosys, and State Bank of India were among the other notable victors.
Among the laggards were Power Grid, Mahindra & Mahindra, Nestle, Sun Pharma, and HDFC Bank.
Hong Kong, Shanghai, Tokyo, Seoul, and other Asian markets were trading at higher levels.
On Wednesday, US markets concluded with a big increase.
According to exchange data, foreign institutional investors (FIIs) purchased stocks on Wednesday for a total of Rs 583.96 crore.
The benchmark for global oil, Brent crude, increased 0.76 percent to USD 85.73 a barrel.
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