Stock market LIVE updates: Th rebound in global equities entered third day Monday as last Friday’s lower-than-expected jobs data in the US reignited hopes that the Fed will abstain from hiking rates going ahead.
The S&P BSE Sensex was up over 300 points around 64,700 levels. The Nifty50, on the other hand,was up 100-odd points at 19,333.
Eicher Motors, Axis Bank, L&T, Grasim, Hero MotoCotp, Coal India, Hindalco, Adani Enterprises, NTPC, Bajaj Finance, and JSW Steel marched ahead with the most gains, rising between 1 per cent and 2 per cent.
In the broader markets, meanwhile, the BSE MidCap and SmallCap added 0.61 per cent and 0.99 per cent, respectively.
Among sectors, the Nifty Realty index clocked gains of 1.5 per cent, followed by the Nifty Metal index (up 0.8 per cent), and Nifty Private bank index (up 0.6 per cent). On the downside, the Nifty PSU Bank index fell 0.5 per cent.
Elsewhere in Asia, South Korea’s Kospi zoomed 5.7 per cent after the country re-imposed a full ban on short-selling for about eight months till June next year. The move is aimed at weeding out illegal use of short-selling to curb market turmoil.
