Equity benchmark Sensex jumped over 100 points in early trade on September 6, tracking gains in HDFC, SBI and Bajaj Finance amid a positive trend in U.S. equities.<\/p>\n
The 30-share Sensex was trading 131.76 points or 0.22% higher at 59,876.64. Similarly, the Nifty rose 46.75 points or 0.26% to 17,869.05.<\/p>\n
M&M was the top gainer in the Sensex pack, rising over 1%, followed by SBI, NTPC, Bajaj Finance, HDFC, UltraTech Cement and PowerGrid.<\/p>\n
On the other hand, Titan, IndusInd Bank, Dr Reddy\u2019s, Maruti and Reliance were among the laggards.<\/p>\n
In the previous session, the 30-share index ended 445.56 points or 0.75% higher at 59,744.88, and Nifty surged 131.05 points or 0.74% to 17,822.30.<\/p>\n
Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth \u20b91,915.08 crore on September 5, as per exchange data.<\/p>\n
India\u2019s sovereign rating upgrade by Moody\u2019s Investors Services in the backdrop of persistent improvement in key economic indicators and faster ramp-up in vaccination bodes well and may aid India to remain resilient compared to global equities, said Binod Modi Head-Strategy at Reliance Securities.<\/p>\n
U.S. equities witnessed sharp recovery in the overnight session as the buy-on-dips approach of investors especially in technology stocks aided the market.<\/p>\n
Elsewhere in Asia, bourses in Hong Kong, Seoul and Tokyo were trading with losses in mid-session deals. Shanghai was closed for the holidays.<\/p>\n
Meanwhile, international oil benchmark Brent crude slipped 0.25%to $82.50 per barrel. <\/p>\n