Share market Highlights: After opening sharply higher, the domestic stock markets gave up gains in the afternoon trade on Monday. The Sensex closed 155 points higher to 35,850.16, while the Nifty closed above 10,750-level. Tata Motors, Maruti Suzuki shares emerged among the top gainers in the Sensex. Tata Motors share price gained by more than 4.4% to hit the day’s high to Rs 178.30. Maruti Suzuki share price ended 1.76% higher at Rs 7,356.10 on the BSE.
Earlier, the domestic stock markets Sensex and Nifty rallied on Monday morning, buoyed by a host of global factors including Federal Reserve Chairman Jerome Powell’s statement that the central bank would be patient and flexible in steering the course of interest rates.
Stocks across Asia kicked off the week with strong gains after soothing Federal Reserve comments and an easing of monetary policy in China triggered a renewed appetite for risk assets. Treasuries steadied after Friday’s slide and oil extended its recent rebound, Reuters reported. Wall Street rebounded on Friday to close at its highest in two weeks after a strong jobs report and assurances from Federal Reserve Chairman Jerome Powell that the central bank would be patient and flexible in steering the course of interest rates. We bring to you LIVE updates.