Markets climb in early trade on buying in IT stocks, fresh foreign fund inflows

Sensex jumped to 72,156.48 and Nifty climbed to 21,749.60.

Published - January 05, 2024 10:52 am IST - Mumbai

Image for representational purposes only.

Image for representational purposes only. | Photo Credit: PTI

Benchmark equity indices climbed in early trade on January 5, extending their previous day's rally, amid fresh foreign fund inflows and buying in IT stocks.

The 30-share BSE Sensex jumped 308.91 points to 72,156.48 in early trade. The Nifty climbed 91 points to 21,749.60.

Among the Sensex firms, Wipro, NTPC, Tech Mahindra, Infosys, Mahindra & Mahindra, ICICI Bank, Tata Consultancy Services and HCL Technologies were the major gainers.

Nestle India, IndusInd Bank, HDFC Bank, Kotak Mahindra Bank and Asian Paints were the laggards.

On January 4, the BSE benchmark jumped 490.97 points or 0.69% to settle at 71,847.57 and the Nifty climbed 141.25 points or 0.66% to 21,658.60.

In Asian markets, Tokyo traded in the positive territory while Seoul, Shanghai and Hong Kong quoted lower.

The U.S. markets ended mostly lower on January 4.

Meanwhile, global oil benchmark Brent crude climbed 0.39% to $77.89 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth ₹1,513.41 crore on January 4, according to exchange data.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.