benchmark indices –Sensex, Nifty– opened strong on Monday morning, taking cues
from their Asian shares. Asian stocks rose on Monday, as signals of progress in
US– China trade talks supported investor sentiment.
Oil prices rose on Monday as concerns over supplies outweigh fears of a
slowing global economy.
& Bond Markets are closed today for the yearly account closing of
banks. On Friday, the Indian rupee closed against the US dollar at 69.16 up by
9.50am, the BSE Sensex was up 277points at 38,949-level, while the Nifty50
index was up 71points at 11,695
Tata Motors, Vedanta, UltraTech Cement and Gail India are among major gainers
on the Nifty indices, while losers are IOC, ONGC Coal India and Zee Ent.
Nifty media, all other sectoral indices are trading higher led by metal, Auto
PSU bank and IT leading gains.
L&T shares gained 2.22 percent
after the company bagged a strategic gas export pipeline contract from Kuwait Oil Co.