Over 59,429 points are added to the Sensex, while 17,650 points are added to the Nifty

Over 59,429 points are added to the Sensex, while 17,650 points are added to the Nifty

Following a severe market decline over the previous two days, equity indexes increased in early trading on Monday.

The benchmark 30-share BSE Sensex increased 98.89 points to 59,429.79. The NSE Nifty, a wider index, increased 46.35 points to 17,650.70.

Among the top gainers from the Sensex pack were Bajaj Finserv, Bajaj Finance, NTPC, ITC, UltraTech Cement, State Bank of India, Maruti, and Mahindra & Mahindra.

Those that lagged behind included Power Grid, Hindustan Unilever, Bharti Airtel, Titan, Tata Steel, IndusInd Bank, HDFC, and HDFC Bank.

Tokyo and Shanghai's stock exchanges were trading in the black, while Seoul and Hong Kong's equities markets were trading down.

On Friday, US markets had finished higher.

On Friday, the Sensex plunged 874.16 points, or 1.45%, to close at 59,330.90. The Nifty finished at 17,604.35 after losing 287.60 points, or 1.61 percent.

Benchmark Brent crude for international oil prices fell 0.17 percent to USD 86.51 per barrel.

According to exchange statistics, foreign institutional investors (FIIs) sold shares on Friday totaling Rs 5,977.86 crore.

A day after publishing a 413-page rebuttal to accusations of malfeasance by US-based short seller Hindenburg Research, shares of Adani Group businesses showed conflicting tendencies in early trading on Monday, with flagship Adani Enterprises rising 10% even as other of the group enterprises declined.

Despite a good trend in the larger market, just four of the Adani Group firms were in the black, while at least five others were.

The Federal Reserve's interest-rate choices, the presentation of the Union Budget, and the January car sales statistics will all affect market sentiment over the week, according to Prashanth Tapse, Research Analyst, Senior VP (Research), Mehta Equities Ltd.