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Sensex, Nifty climb in early trade on buying in IT stocks

PTI

Equity benchmark indices Sensex and Nifty ticked higher in initial trade today led by buying in IT stocks and a rally in the US markets.

The BSE Sensex climbed 338.1 points to 79,814.73 in early trade. The NSE Nifty jumped 101.5 points to 24,314.80. From the 30-share Sensex pack, HCL Technologies, Sun Pharma, Infosys, Bajaj Finance, Bajaj Finserv, Maruti, NTPC, Tech Mahindra and Tata Consultancy Services were the biggest gainers.

Titan, Tata Steel, Hindustan Unilever and JSW Steel were among the laggards. In Asian markets, Tokyo and Shanghai traded higher while Seoul and Hong Kong quoted lower. Wall Street ended sharply higher on Tuesday.

Global oil benchmark Brent crude declined 0.94% to USD 74.82 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,569.41 crore on Tuesday, while Domestic Institutional Investors (DIIs) bought Rs 3,030.96 crore worth of shares, according to exchange data.