Stock markets jump in early trade; Sensex gains 471 points, Nifty above 19,350 amid positive global cues

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Stock markets jump in early trade; Sensex gains 471 points, Nifty above 19,350 amid positive global cues


Image Source : PTI/REPRESENTATIVE Stock markets replace

Stock markets: Equity benchmark indices witnessed progress on Monday following a rally in global markets. In the early commerce, the 30-share BSE Sensex jumped 471.45 factors to 64,835.23 in early commerce. The Nifty climbed 126.75 factors to 19,357.35 factors. 

Among the Sensex companies, Larsen & Toubro, Axis Bank, Nestle, JSW Steel, IndusInd Bank and Mahindra & Mahindra had been the largest gainers. State Bank of India and Tata Motors had been the laggards. 

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong had been buying and selling in the inexperienced. The US markets ended in positive territory on Friday. Global oil benchmark Brent crude climbed 0.37 per cent to USD 85.20 a barrel.

Rupee rises in opposition to greenback

The rupee appreciated 5 paise to 83.15 in opposition to the US greenback in early commerce on Monday, monitoring positive home equities as risk-on sentiments prevailed in the market.

Forex merchants mentioned the rupee rose after the American foreign money dropped from its elevated ranges, following a slower-than-expected US job progress in October.

At the interbank international change, the home unit opened at 83.17 in opposition to the greenback after which touched an early excessive of 83.15, registering a acquire of 5 paise over its earlier shut.

(With inputs from PTI)

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