Sensex, Nifty climb in early trade:IT stocks lead retracement

The stock market is showing gains on the first trading day of this week, i.e., Monday. The Sensex has climbed 400 points and is trading at the 77,200 level. Nifty has also gained 100 points and is trading at the 24,100 level. Stocks like Reliance, Tech Mahindra, Infosys, HDFC Bank, HCL Tech and Bajaj Finance were among the major gainers on the Sensex. Sectorally, on the NSE, barring Nifty Healthcare, PSU Bank and Chemicals, all other indices traded with gains with Nifty IT featuring among the highest gainers, soaring 1.5% Oil floats below $80 per barrel mark Oil prices traded under pressure on Monday. The global standard for oil prices, Brent crude continued to trade below $80 per barrel. The internal standard has become 34% cheaper from Iran war high of $120 per barrel Asian markets mixed US markets showed gains on Friday FII bought equities worth ₹4,859 crore on Friday Note: Net buying/selling figures of FIIs and DIIs are in crores of rupees. Rupee becomes 3% stronger in 1 month Rupee has become nearly 3% stronger in last one month. On Monday, the local unit fell 9 paise to 94.42 against the US dollar. Sensex fell 607 points on Friday On the last trading day of last week, that is Friday, there was a decline in the stock market. Sensex fell by about 607 points and closed at the level of 76,802. Nifty also declined by 154 points, it closed at the level of 24,013.