Markets Remain Positive; Optimism in US-China Trade Talks, Strong Asian Markets Lifts Investor Sentiments

The Indian benchmark indices opened on a steady note today amid Asian markets rally, FII inflows and optimism surrounding the US-China trade deal.

Sensex surged 235.58 points to 82,680.79 in early trade, while Nifty went up by 96.1 points to 25,199.30.

Among the Sensex heavyweights, IndusInd Bank, Tech Mahindra, Infosys, UltraTech Cement, HCL Tech and NTPC were the top gainers. Bajaj Finserv, Asian Paints, ICICI Bank, Eternal, HDFC Bank and Titan were the top losers.

On the Asian markets front, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng traded in green. US markets ended on a positive note.

Foreign Institutional Investors (FIIs) infused ₹1,992.87 crore in domestic equities, exchange data said.

“Nifty is likely to consolidate in the 24,500-25,500 range in the near-term. There are no short-term triggers to take the Nifty beyond the upper band. Some profit-booking pulling the market slightly down is likely. But ample liquidity will ensure that dips will get bought, helping the market to consolidate,” VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.

Investors are set to keep a close watch on the US-China trade talks, he added.

Meanwhile, Brent crude surged 0.28% to USD 67.23 a barrel.