Nifty near 10750 mark; Sensex rises over 250 points

Nifty near 10750 mark; Sensex rises over 250 points

The rupee opened strong at 63.45 at the interbank forex market against previous close of 63.63 per dollar as stocks soared to record levels after strong economic data. The BSE Sensex closed at 34,592.39 points - up 88.90 points or 0.26 percent - while the Nifty50 edged higher by 30.05 points or 0.07 percent to close at 10,681.25 points.

Sensex was higher by 251 points at 34,843, While Nifty was up by 60 points at 10,741.

Realty stocks Housing Development & Infrastructure (HDIL) (up 4.07 per cent), Phoenix Mills (up 3.67 per cent) and Indiabulls Real Estate (up 1.46 per cent) were trading up in afternoon trade on Monday, keeping the Nifty Realty index in the green zone.

Iran's Rouhani declares 'victory' over Trump on nuclear deal
Trump signed off on a waiver Friday to keep several sanctions on Iran suspended, essentially keeping the nuclear deal in effect. In effect, he is asking them to act as mediators to accomplish changes that Iran is refusing to make.

Asian shares too hit historic highs on Monday after Wall Street extended its record-breaking run, while the USA dollar retreat continued as investors priced in the risk of tighter policies elsewhere in the developed world. "Major Asian markets have closed on a positive note, barring the Shanghai and Hang Seng indices, while the European indices like FTSE 100, DAX and CAC 40 traded in the red", Jasani said.

Infosys was trading higher by 0.33 per cent at Rs 1,082, following its Q3 earnings.

Among sectoral sub-indices, FMCG and pharma stocks took a beating while metal, bank and financial service stocks firmed up. Find us on Facebook too!

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