Sensex Jumps 320 Points On Strong Global Cues; Banking Stocks Rally

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Benchmark indices opened the day higher led by strong global cues after the US Fed Minutes hinted that interest rates in the US maybe postponed even further.

The Sensex was trading with gains of 276 points at 27,116 points, while the Nifty rallied 79 points in trade. Check Sensex gainers and losers here

Sensex Jumps 320 Points On Strong Global Cues; Banking Stocks Rally
Nifty8,708.95Nifty Quote15.90 [0.18%]
Banking shares were leading the set of gainers from the Nifty with notable gainers being Axis Bank, ICICI Bank and State Bank of India. Infosys was trading higher by one per cent ahead of its results to be declared later on Monday. HCL Tech, which was badly beaten down ever since suggesting that revenues for the quarter would be muted also gained one per cent.

Reliance which had fallen sharply on Thursday over worries over gas dispute with ONGC managed to gain ground in trade. Shares in DLF were trading higher after reports that the promoters will sell their 40 per cent stake in the company's rental arm DLF Cyber City Developers.

Shares in Rajesh Exports were up after reports that the company has bagged an order from the UAE. Meanwhile, mid cap stocks were trading sharply higher with the index up almost one per cent. Notable gainers from the space were DHFL, HDIL and Jindal Steel.

Meanwhile, markets across Asia were trading sharply higher following solid overnight gains in the US.

Read more about: sensex, nifty, hdil, jindal steel
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