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Stock markets rally in early trade tracking firm global trends

Benchmark indices Sensex and Nifty surged in early trade on Monday tracking positive global cues and hopes of a US Fed rate cut this month. The recent GST rate cuts also lifted market sentiment, with Tata Steel, Tata Motors, M&M, Adani Ports and UltraTech Cement among the top gainers. Analysts expect demand for automobiles and consumer durables

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Representational Image. File Pic

Representational Image. File Pic

Benchmark equity indices Sensex and Nifty rallied in early trade on Monday tracking a firm trend in global markets amid hopes of a rate cut by the US Federal Reserve later this month.

The recent GST rate cut announcement also added to markets' optimism during the initial trade.
The 30-share BSE Sensex climbed 296.26 points to 81,007.02 in early trade. The 50-share NSE Nifty rallied 90.35 points to 24,831.35.

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