Stock Market Highlights: The domestic stock markets –Sensex and Nifty– made a mild recovery in the afternoon trade on Monday, after extending losses for a majority of the session. The Sensex closed 369 points down to 35,656.70, while the Nifty ended 105 points down at 10,674.70. ICICI Bank shares plunged by more than 5% to Rs 339.35, to emerge among the biggest losers in the Sensex. Bajaj Finance share price closed 5.6% down at Rs 2,451, while Yes Bank shares lost about 5.3% to Rs 207.80.
Earlier, Zee Entertainment shares zoomed by more than 14% to Rs 365, after the firm clarified in its conference call that that it won’t provide any further pledge to lenders. Maruti Suzuki shares extended losses and tanked by more than 1% to Rs 6,430. L&T shares are trading nearly 4% higher at 1336, to emerge among the biggest gainers on the Sensex.
Asian stocks advanced on Monday as Wall Street rallied after a deal was announced to reopen the U.S. government following a prolonged shutdown that had shaken investor sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.2 percent. South Korea’s KOSPI edged up 0.2 percent, New Zealand stocks were up a touch, while Japan’s Nikkei bucked the trends and eased 0.2 percent, Reuters reported. We bring to you LIVE updates.