L&T bags order: Larsen and Toubro has won a large order from Kuwait Oil Company (KOC) in the range of Rs 2,500 to 5,000.
Market Opens: It is a positive start for the Indian indices on Monday with Nifty above 11,650 level.
At 09:18 hrs IST, the Sensex is up 189.65 points or 0.49% at 38862.56, and the Nifty up 53.10 points or 0.46% at 11677.00. About 710 shares have advanced, 222 shares declined, and 46 shares are unchanged.
Vedanta, JSW Steel, Tata Steel, UltraTech Cement, Adani Ports, Bharti Airtel, Bajaj Auto, Eicher Motors, M&M are among major gainers on the indices, while losers are Cipla, HCPL, BPCL, IOC, ONGC and Zee Ent.
Except energy, all other sectoral indices are trading higher led by metal, PSU bank, auto, infra, IT and pharma.
MOIL production update: The company has achieved the highest-ever turnover of Rs 1440 crore during financial year 2018-19, registering a growth of 9 percent over previous year. Core production jumped 15 percent during the year, while total production crossed 13 lakh MT in FY’19.
Money market is closed for trading today for banks' closing day.
Market at pre-open: Benchmark indices are trading higher in the pre-opening with Nifty above 11,650.
At 09:02 hrs IST, the Sensex is up 173.03 points or 0.45% at 38845.94, and the Nifty up 29.90 points or 0.26% at 11653.80.
Vedanta, JSW Steel, ICICI Bank, Bajaj Auto, are trading higher in pre-opening session, while Cipla is trading lower.
Crude Update: Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest increases in nearly a decade, as concerns about supplies outweigh fears of a slowing global economy.
SGX Nifty: Trends on SGX Nifty indicate a positive opening for the broader indices in India, a gain of 48.50 points or 0.42 percent. Nifty futures were trading around 11,724-level on the Singaporean Exchange.
Asian markets trade higher: Asian stocks rose on Monday, as signs of progress in US-China trade talks and firmer Wall Street shares supported sentiment, although another defeat for British Prime Minister Theresa May’s proposed Brexit deal added to the pound’s recent woes.
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