New Delhi: The first trading session of 2022 of the key Indian equity benchmarks began on a positive note led by gains across most sectors like auto, IT, and consumer stocks.
At 10 am, the BSE Sensex was at 58, 740, up 486 points, while the Nifty50 was at 17,495, higher by 141 points.
In the broader market, the BSE Mid-Cap and Small-Cap indices were also in the green, up 0.5 and 0.8 per cent, respectively.
During early trade, Eicher Motors was the top Nifty gainer as the stock jumped 4.27 per cent to Rs 2,702.65. Tata Motors, Coal India, SBI Life, and Tech Mahindra were also among the prominent gainers.
On the flipside, HindalCo, ONGC, Tata Consumer Products, and UltraTech Cements were among the losers.
All sectoral indices were also positive except pharma and healthcare, which were marginally lower. On the Nifty platform, IT and auto indices were leading gainers and were up 0.9 per cent and 1.5 per cent higher, respectively.
Tata Motors rose sharply on the back of strong passenger vehicles sales in December, 2021.
On the contrary, Interglobe Aviation, Adani Transmission, Bajaj Holdings, Cipla, and United Breweries shares were the top losers.
Asian shares also edged higher on Monday as South Korea’s KOSPI gained 0.40 per cent and the Shanghai Composite index jumped as much as 0.57 per cent.
The SGX Nifty January futures were quoted at 17,408, indicating a likely flat start for trade.
Among stocks, auto shares will be in focus after the companies announced robust sales data on Saturday.
Meanwhile, rupee slips 6 paise to 74.35 against US dollar in early trade on the first trading session of 2022.