First Trade: Sensex adds 131 points, Nifty at 24,070; PSU Banks lead

Indian stock market news: Indian equities in Monday's trade, tracking mixed Asian markets, opened marginally higher.The BSE 30-share Sensex index opened higher at 79,343.63, while the Nifty50 gained to 24,070.25. Broader markets, meanwhile, traded on a positive note with the midcaps leading the basket.

Furthermore, the high beta Nifty Bank index also traded with gains.

In the previous trading session, foreign institutional investors (FIIs) continued their buying streak in Indian equities for the eighth consecutive session -pausing their 'Sell India' trade which totalled to Rs 17,796.30 crore.

From the Nifty50 pack, top gainers included stocks like Reliance Industries, Bharat Electronics, M&M, ICICI Bank and Dr. Reddy's Laboratories, while the top laggards were Shriram Finance, HCL Technologies, Tech Mahindra, TCS and Infosys.

In a volatile session, there was broad-based buying with selling pressure in only IT and financial services pack. Meanwhile, pharma, PSU Bank, realty and consumer durable indices led the gains.

Maruti Suzuki: Post, the auto major's quarterly numbers for the fiscal year 2024-25, shares of the company will react to the brokerage calls on the stock.

Tata Technologies: The global engineering services company delivered a weak set of Q4 financial performance with revenue declining over 2 per cent sequentially.

Vodafone Idea: Shares of the debt-laden telecom company will gain traction after global company Goldman Sachs bought stake in the company via block deal on Friday.

Crude oil prices inched up but remained capped amid uncertainty over US-China negotiations and potential OPEC+ supply hikes. At the last count, the Brent crude traded with a cut of 0.2 per cent at $66.75, while the WTI crude was down 0.21 per cent at $62.89 per ounce.

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