The Sensex and Nifty, the two key equity benchmarks, on Monday started early morning trading, oscillating between gains and losses tracking global cues.
At 9.40 am, the S&P BSE Sensex was up 130 points to 60,971 levels, while the broader NSE Nifty50 was at 18,142, up 37 points.
On the 30-share Sensex platform, Tata Steel, Tata Motors, ICICI Bank, Reliance, SBI, Axis Bank, and others were the early gainers. On the flip side, Asian Paint, Sun Pharma, Bajaj twins, Tech M, HCL, and others were the laggards.
Shares of Tata Motors added 1 per cent after the company reported 10 per cent YoY increase in domestic December sales at 72,997 units as against 66,307 units sold last year. Those of Ashok Leyland, meanwhile, zoomed 1.6 per cent as the company’s domestic sales zoomed 49 per cent YoY to 1,112 units.
In the broader markets, the BSE MidCap and Smallcap indices gained 0.3 per cent and 0.4 per cent, respectively.
The markets received support from stocks in the metal, and financial segments, while pharma pack weighed.
Global brokerage Jefferies turned positive on the sector amid easing Covid-19 curbs in China.
In the previous session on Friday, the last trading day of 2022, the BSE Sensex declined 293 points to of 60,841. On the other hand, the NSE Nifty 50 settled 86 points lower on the last trading day of the year to 18,105.