Sensex is up over 200 points, and the Nifty is trading above 15,350

In early trading on Monday, Indian equity indexes climbed, spurred by a rebound in banking and technology firms.

In early trading on Monday, Indian equity indexes climbed, spurred by a rebound in banking and technology firms.

Asian stocks were generally lower as Wall Street futures fell over concerns about anticipated interest rate hikes by the US Federal Reserve to control inflation. Trends on the Singapore Exchange’s Nifty Futures (SGX Nifty) suggested a gap-down opening for the domestic indices.

The 30-share BSE Sensex increased by 208 points, or 0.41 percent, to 51,568, while the broader NSE Nifty increased by 69 points, or 0.45 percent, to 15,362. Last week, both indices fell precipitously.

Today’s mid- and small-cap stocks were mixed, with the Nifty Midcap 100 falling 0.07 percent and the small-cap index rising 0.03 percent.

The National Stock Exchange’s 15 sector indices were trading in the green nine times out of fifteen. The Nifty Bank and Nifty IT sub-indices both outperformed the NSE platform, advancing 0.54 percent and 0.54 percent, respectively.

On a stock-by-stock basis, Sun Pharma was the highest Nifty gainer, jumping 1.53 percent to 805.50. Among the gainers were HDFC, Hindustan Unilever, Apollo Hospitals, and Asian Paints.

On the BSE, however, overall market breadth was relatively poor, with 1,047 shares increasing and 1,366 decreasing.

HDFC, HUL, Sun Pharma, HDFC Bank, Asian Paints, Dr Reddy’s, Wipro, and UltraTech Cement were among the top gainers on the 30-share BSE index.

Tata Steel, PowerGrid, M&M, L&T, and Bajaj Finserv, on the other hand, were all in the red.

On Friday, the Sensex fell 135 points, or 0.26 percent, to a new all-time low of 51,360.42, while the Nifty fell 67 points, or 0.44 percent, to 15,293.50.