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Sensex jumps over 160 points, Nifty nears 11,000 mark

The BSE Sensex jumped 93.86 points or 0.26 percent to 36,170.58 while the NSE Nifty edged higher by 28.65 points or 0.26 percent to 10,888.55.

Sensex jumps over 160 points, Nifty nears 11,000 mark

New Delhi: Markets opened on a positive note on Monday with the Nifty nearing 11,000 mark.

The BSE Sensex jumped 93.86 points or 0.26 percent to 36,170.58 while the NSE Nifty edged higher by 28.65 points or 0.26 percent to 10,888.55.

On Friday, the Sensex had rallied 269.44 points or 0.75 percent to finish at 36,076.72, while the broader NSE Nifty spurted 80.10 points, or 0.74 percent, to 10,859.90.

Banking, Pharma, and IT stocks were the biggest gainers on bourses in early session. Brent crude, the international benchmark, was trading 0.94 percent up at USD 53.71 per barrel.

Top gainers include Axis Bank, M&M, Tata Motors, Sun Pharma, HCL Tech, Maruti, HUL, TCS, Bharti Airtel and SBI. While NTPC, HDFC, ICICI Bank, Kotak Bank, Power Grid and ONGC were among the top losers.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 119.60 crore Friday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,199.40 crore, provisional data available with BSE showed.

MSCI`s broadest index of Asia-Pacific shares outside Japan added 0.2 percent, but was still down 16 percent for the year. E-Mini future for the S&P 500 firmed 0.68 percent. Japan`s Nikkei was closed for a holiday having ended the year with a loss of 12 percent.

The S&P 500 is off almost 10 percent for December, its worst month since February 2009. That left it down 15 percent for the quarter and 7 percent for the year.

With Agency Inputs