The major stock indexes posted solid gains in early trading. Nifty is trading above the 17,950 level. PSU banks, oil and gas and IT stocks were in demand, while metals, pharmaceuticals and media stocks corrected.

The barometer S&P BSE Sensex rose 218.23 points, or 0.36%, to 60,311.20. The Nifty 50 gained 60.20 points or 0.34% to 17,955.05. The S&P BSE MidCap index fell 0.02%, while the S&P BSE SmallCap index rose 0.06%.

On the BSE, 1,493 shares were high, 1,070 shares went down, and 182 shares remained the same.

As per data, in the Indian equity market, domestic institutional investors (DIIs) were net buyers of Rs 685.96 crore, while Foreign portfolio investors (FPIs) sold shares worth Rs 750.59 crore Yesterday trade.

NTPC goes up 0.75%; NTPC Renewable Energy Limited (NTPC REL) has signed an MoU with the Government of Tripura to develop floating and ground-based renewable energy projects in Tripura.

Siemens has received an order for 1,200 locomotives of 9000 horsepower (HP) from Indian Railways. Siemens added 1.73%.

On a consolidated basis, the net profit of Angel One reported a 38.3% rise to Rs 227.7 crore on a 25.5% increase in total income to Rs 759.7 crore in the October-December quarter of FY23 over the October-December quarter of FY22.

US Treasury Secretary Janet Yellen is reportedly planning to hold talks with Chinese Vice Premier Liu He on the sidelines of the World Economic Forum. The two countries will hold meetings to strengthen macroeconomic and financial policy coordination.