Share market Highlights: After opening higher on Monday tracking positive global cues, Sensex and Nifty turned negative in the afternoon trade. The Sensex ended 8 points down to 36,068.37, while the Nifty 50 closed above 10,850. Jet Airways share price rallied by more than 2.75% to hit the day’s high at Rs 278, after reports of talks with SBI for Rs 1,500 crore loan. Earlier, Sensex rallied by more than 182 points to 36,285.46 in the opening trade while the Nifty 50 is trading above the 10,850 mark. Kotak Mahindra Bank shares slumped about 0.5% to Rs 1,237.20, as December 31st is the last day according to RBI for Uday Kotak’s to cut stake in the bank. Jewellery-maker Titan shares gained by more than 4% to hit the day’s high at Rs 925.75.
Earlier, Singaporean and Malaysian stocks rose on Monday in thin year-end trading as a phone call between U.S. and Chinese leaders spurred hopes that the two economic heavyweights would reach a deal that could ease their damaging trade standoff, Reuters reported. Here’s a look at the highlights.