Stock Market
Markets open firm; Sensex gains, Nifty holds above 26,100
Mumbai/IBNS: The Indian stock market on Monday opened steadily with BSE Sensex rising 100 points while NSE Nifty 50 held on to 26,100, media reports said.
Sensex started the session at 85,320.04 and moved higher to 85,411.94.
Nifty 50 opened higher at 26,122.80.
The early trading was supported by the IT and banking sector.
Infosys, Tech Mahindra, HDFC Bank, TCS, Maruti Suzuki, Titan Company were among the gainers.
Eternal, M&M, Power Grid, Tata Motors PV, Bharti Airtel were among the laggers.
In a slight recovery, the broader market traded in green as the Nifty MidCap index rose by 0.14% while Nifty SmallCap index increased by 0.13%.
In the sectoral indices, Nifty IT index rose 1.5% while Nifty PSU Bank index increased by 0.7%.
Market guru Anil Singhvi said the Indian stock market is closely following the US market trends and the early gains follow the recovery in the US indices, Zee Business reported.
Singhvi told the broadcaster that the volatility may increase as the US market continues to show sharp swings.
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