Mumbai: Benchmark equity indices Sensex and Nifty rose in early trade on Monday amid expectations of a rate cut by the US Federal Reserve later this month. The recent announcement of a cut in GST rates also gave a boost to the stock market.
Meanwhile, the 30-share BSE Sensex rose 296.26 points to 81,007.02 in early trade and the 50-share NSE Nifty rose 90.35 points to 24,831.35. Among the Sensex companies, Tata Steel, Tata Motors, Mahindra & Mahindra, Adani Ports, UltraTech Cement and Power Grid were the gainers. However, Asian Paints, Trent, Bharti Airtel and Titan were in the red.