Sensex jumps nearly 250 points, Nifty holds 11,000

The BSE Sensex jumped 249.86 points or 0.68 percent to 36,921.29 in early trade while the NSE Nifty edged higher by 81.70 points or 0.74 percent to 11,116.45.

New Delhi: Markets started the week on a cheerful note on Monday despite negative global cues.

In late morning trade the 30-stock index, was just shy of touching 37,000. The gauge jumped 311.45 points or 0.85 percent to 36,982.88 while Nifty rallied 110.45 points or 1.00 percent to 11,145.85.

Major gainers were Coalindia (3.99 %), Vedanta (2.76 %), Bharti Airrtel (2.75 %), NTPC (2.26 %), Powergrid (2.24 %), SBI (2.10 %), Heromotor corp (1.99 %), Maruti (1.94 %), ONGC (1.87 %), Tatasteel (1.76 %), M&M (1.66 %) and Reliance (1.53%)

Bucking the trend, shares Infosys, TCS and Indus Ind were trading in red, slipping by upto 0.63 percent.

The rupee rose 15 paise to 69.99 against the US dollar on weakening greenback, fresh foreign inflows and higher opening of domestic equities.

MSCI`s broadest index of Asia-Pacific shares outside Japan was little changed from Friday`s three-week low. Japan`s Nikkei gained 0.4 percent in early trade after four consecutive sessions in the red last week, a Reuters report said.

Wall Street`s main indexes posted their biggest weekly decline since the market tumbled at the end of 2018 last week, falling for the fifth consecutive day on Friday on the shocking payrolls data.

With Agency Inputs