(Photo: Reuters)
9.20 am: Nifty was up 82 points at 8033. Sensex was up 307.92 points at 26,528. Global investment bank, Jefferies downgraded Maruti Suzuki India to ‘underperform’ from ‘buy’. Maruti Suzuki shares were trading 1.28 per cent down at Rs 4,521 in the early trade.
9.16 am: Sensex was up 270 points at 26,491. The BSE Bankex and BSE Auto index were up over 1 per cent each in the opening trade.
Domestic equity markets opened in green on Monday tracking firm global cues. Sensex opened 158.47 points up at 26,379. Nifty opens 54.20 points up at 8,005.10.
Asian stocks rose early on Monday after the prospect of an imminent interest rate hike by the Federal Reserve faded after Friday’s weaker-than-expected US employment data. US stock indices jumped over 1 per cent on Friday as worries about the economy after the disappointing jobs report gave way to a robust rally in energy and materials stocks.
Hong Kong shares rose nearly 2 per cent early Monday, led by financials and Macau gambling stocks, lifted by a wave of short covering and hopes for China policy moves, though gains may be limited around a key level.
(With inputs from agencies)
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