Sensex up 320 points, Nifty above 10,800; Yes Bank, Titan shares rally
The domestic stock markets–Sensex and Nifty– opened higher on Monday, tracking positive global cues. The Sensex is up about 300 points to 35,995.34, while the Nifty is trading above the 10,800-level. Titan shares rallied more than 3% to Rs 964 on BSE, after the firm said that it expects the full year growth in jewelry business to be around 22%; with significantly higher spends on advertising. Shares of private sector lender Yes Bank surged more than 3% to Rs 194.40, emerging as the top gainer in the Sensex.
Stocks across Asia kicked off the week with strong gains after soothing Federal Reserve comments and an easing of monetary policy in China triggered a renewed appetite for risk assets. Treasuries steadied after Friday’s slide and oil extended its recent rebound, Reuters reported. Wall Street rebounded on Friday to close at its highest in two weeks after a strong jobs report and assurances from Federal Reserve Chairman Jerome Powell that the central bank would be patient and flexible in steering the course of interest rates. We bring to you LIVE updates.
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