Share market Highlights: The stock markets–Sensex and Nifty–reversed losses in the afternoon trade on Monday, owing to a sharp surge in select bluechip heavyweights. The Sensex closed 71 points higher at 38,095.07, while the Nifty closed above the 11,450-mark. Reliance Industries shares closed 2.7% higher at Rs 1,357.70, while Bajaj Finance shares ended 2.8% higher at Rs 2,941 on BSE. Maruti Suzuki share price closed 2.6% lower at Rs 6,905 on BSE, after the firm cut production demand by a quarter on the back of slow demand.
Asian share markets crept ahead on Monday while bonds were in demand globally on speculation the US Federal Reserve will sound decidedly dovish at its policy meeting this week. Japan’s Nikkei led the way with a rise of 0.7 per cent, and MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 per cent, Reuters reported. We bring to you LIVE updates.