No Monday blues on Dalal Street — RIL, HDFC twins ensure Sensex, Nifty rebound

• In Asian markets, Shanghai and Hong Kong quoted in the green while Seoul and Tokyo traded lower.
• Nifty Auto Index has hit a record high with gains for the fourth day running.
• HCL Technologies, Titan, Power Grid were some of the laggards.
  

Indian equity benchmark indices - The BSE Sensex and the Nifty50 - rebounded in early trade on Monday amid unabated foreign fund inflows and buying in index major Reliance Industries and HDFC twins. Bouncing back from Friday's decline, the 30-share BSE Sensex climbed 252.87 points to 65,533.32 in early trade. The NSE Nifty advanced 76.1 points to 19,407.90.

From the Sensex pack, Reliance Industries quoted with over 3% gains. HDFC, Tata Motors, State Bank of India, HDFC Bank, Axis Bank, UltraTech Cement and Mahindra & Mahindra were the biggest gainers.

HCL Technologies, Titan, Power Grid, Bajaj Finance, Tata Consultancy Services, Tech Mahindra, Wipro and Bajaj Finserv were among the laggards.

Among other indices, the Nifty Auto is vrooming to new heights. The auto index has is up for the fourth day in a row with Bajaj Auto and Tata Motors leading the pack.

Foreign Institutional Investors (FIIs) continued their buying activity as they bought equities worth Rs 790.40 crore on Friday, according to exchange data.

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

The US markets ended in the negative territory on Friday.

Global oil benchmark Brent crude dipped 0.62% to USD 77.98 a barrel.

The BSE benchmark had fallen by 505.19 points or 0.77% to 65,280.45 on Friday. The Nifty had declined by 165.50 points or 0.85% to 19,331.80.

(Text input from PTI)