Stock Market: Sensex jumps over 100 points, Nifty crosses 10k-mark in early trade

The domestic stock market began its business on a positive note on Monday. In the first few minutes of the trade, the Sensex traded at 35,293.22, up 134.67 points or 0.38 percent and the Nifty at 10,613.25, with a gain of 28.05 points or 0.26 percent.

Notably, the Sensex opened at 35,287.49 and the Nifty index of the National Stock Exchange (NSE) at 10,607.80. The top gainers in the Nifty pack were Titan, UltraTech Cement, HCL Technologies, Adani Ports, and Mahindra and Mahindra.

Meanwhile, Asian shares fell as soft Chinese economic data and falling oil prices rekindled anxiety about the outlook for world growth, reported news agency Reuters. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.17 percent in early trade. Australian shares were down 0.08 percent, while Japan’s Nikkei stock index eased 0.12 percent.

In the commodities market, oil prices rose by about one percent after top exporter Saudi Arabia announced a cut in supply for December, seen as a measure to halt a market slump that had seen crude decline by 20 percent since early October.

On Friday, foreign portfolio investors purchased net equites worth Rs. 614.14 crore, showed provisional NSE data. In the last session, the Sensex had closed at 35,158.55, down 79.13 points or 0.22 percent and the Nifty had settled at 10,585.20 with a loss of 13.20 points or 0.12.

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