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The Indian equity benchmarks jumped in Monday morning deals paced by gains in banking, information technology, financial services, metal, oil & gas and real estate shares amid positive cues from global markets. The Sensex rose as much as 521 points and Nifty 50 index moved above its important psychological level of 17,850. HDFC, Tata Consultancy Services, ICICI Bank, Axis Bank, Infosys, State Bank of India and Asian Paints were among the top movers in the Sensex.
As of 9:19 am, the Sensex was up 484 points at 59,715 and Nifty 50 index advanced 133 points or 0.75 per cent to 17,804.
Asian markets edged higher on Monday, led by a post-election jump in Japan’s Nikkei, though bonds wobbled and the dollar firmed as traders braced for central bank meetings in Britain, Australia and the United States to define the rates policy outlook.
Japan’s Nikkei rose 2.3 per cent to a one-month high after Prime Minister Fumio Kishida’s Liberal Democratic Party did better than expected at Sunday’s election, with exit polls showing the party easily retaining a majority.
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