Sensex up 80 points, Nifty above 10,900; L&T down 2%; RIL gains 1%
Stock Market India Updates: The domestic stock markets –Sensex and Nifty–opened marginally higher on Monday, tracking positive global cues. The Sensex is up about 80 points to 36,467.18 while the Nifty is trading above the 10,900-mark. L&T shares plunged by more than 3.2% after the firm announced Saturday that Securities and Exchange Board of India (Sebi) has advised against proceeding with the proposed Rs 9,000 crore share buyback. RIL shares extended gains, zooming by more than 1.3% to Rs 1,198.60.
Asian markets kept their nerve on Monday as data showed the Chinese economy slowed at the end of last year, underlining the urgent need for more stimulus as Beijing wrestles with the United States over trade. Investors are also waiting to hear British Prime Minister Theresa May’s ‘Plan B’ for Brexit which is due to be presented to parliament later on Monday, Reuters reported. We bring to you LIVE updates.
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