Sensex and Nifty experienced marginal gains in early trading on Monday amid mixed trends in Asian markets. Sensex edged up by 0.03% to reach 72,450.60 points, with Bharti Airtel and Bajaj Finance leading the charge, while Nifty saw a modest increase of 0.15% to settle at 22,073.05 points.
Investors are monitoring Asian shares cautiously, with hopes pinned on China’s market recovery post-holiday. Meanwhile, the US market closure on Monday for President’s Day follows last week’s subdued performance, influenced by inflation data and corporate earnings assessments.
Despite global uncertainties, India’s domestic indices have seen consistent gains over the past four sessions, with Sensex climbing by 376.26 points on Friday to close at 72,426.64, and Nifty rising by 129.95 points to 22,040.70.
Foreign Portfolio Investors (FPIs) remained net buyers on Friday, adding Rs 253.28 crore worth of securities to their portfolios, according to exchange data. Analysts highlight the resilience of the US stock market, bolstered by stronger-than-expected fourth-quarter earnings despite inflation concerns.
