Nifty reclaims 19,800 after three days of fall on optimism in global markets

• Power Grid, Bajaj Finance, Tata Steel, HDFC Bank are the gainers on Tuesday morning.
• Larsen & Toubro and Hindustan Unilever are among the laggards.
• Asian peers in Seoul, Tokyo, Shanghai and Hong Kong are also in the positive territory.

Equity benchmark indices, the Nifty and the Sensex, bounced back in early trade on Tuesday after three days of fall amid recovery in global markets and buying in HDFC Bank post its quarterly earnings. The 30-share BSE Sensex jumped 392.89 points to 66,559.82 in early trade. The Nifty climbed 118 points to 19,849.75.

Among the Sensex firms, Power Grid, Bajaj Finance, Tata Steel, HDFC Bank, Tech Mahindra, Wipro, Bajaj Finserv and Titan were the major gainers.

HDFC Bank traded nearly 1% up after the company reported a consolidated net profit of Rs 16,811 crore for the September quarter, its maiden quarterly earnings announcement after merging parent HDFC with itself.

Larsen & Toubro and Hindustan Unilever were the laggards.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the positive territory.

The US markets had ended with gains on Monday.

Global oil benchmark Brent crude declined 0.01% to USD 89.64 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 593.66 crore on Monday, according to exchange data.

The Sensex had declined 115.81 points or 0.17% to settle at 66,166.93 on Monday. The Nifty slipped 19.30 points or 0.10% to 19,731.75.