Sensex, Nifty Follow Global Peers Higher; IT And Adani Group Stocks Lead Surge
(RTTNews) - Indian shares opened higher on Monday, mirroring positive global cues as the U.S. 10-year Treasury yield pulled back after jumping to a three-month closing high above 4.0 percent.
The benchmark S&P/BSE Sensex was up 528 points, or 0.9 percent, at 60.336 in early trade, while the broader NSE Nifty index was up 148 points, or 0.8 percent, at 17,742.
Adani Group stocks extended recent gains, with Adani Enterprises rallying 10 percent and Adani Ports climbing 3.3 percent.
HCL Technologies jumped over 2 percent on reports it aims to double semiconductor business in four years. Infosys, TCS and Wipro all were up around 1 percent.
ONGC rose half a percent and Reliance Industries added 1 percent after the government slashed windfall gains tax on exports of diesel and aviation turbine fuel (ATF), while marginally increasing the levy on domestic crude oil in its 16th fortnightly revision of the duties.
Pound Drops Against Most Majors
Swiss Market Ends Slightly Up
European Stocks Close On Mixed Note
Dollar Weakens Despite Hawkish Fed And Fresh Tariff Warnings
Bay Street Seen Opening Slightly Higher
German Business Confidence Remains Unchanged
UK Stocks Turning In Mixed Performance; FTSE 100 Modestly Higher
