Sensex, Nifty updates: The Sensex rose as much as 222.68 points to 37,895.99 in morning dealsDomestic stock markets rose amid choppy trade on Monday, with the S-P BSE Sensex index rising more than 200 points in the first hour.
The broader NSE Nifty benchmark climbed to as much as 11,225.25, up 50.5 points from its previous close.
Losses in banking and financial services sectors pushed the markets higher, however losses in pharma and auto spaces limited the upside.
The Sensex index rose as much as 222.68 points to hit 37,895.99 in morning deals.
Analysts say macroeconomic data and earnings from large cap companies will be monitored closely this week.
Meanwhile, equities in other Asian markets edged higher after data showed the US unemployment rate dropped to the lowest in almost 50 years, easing concerns of a slowdown in the world's largest economy.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.25 per cent and Japan's Nikkei stock index climbed 0.29 per cent.Financial, Metal Stocks Lead RecoveryGains in financial and metal sectors countered losses in pharma and auto spaces.
Six of the 11 sectoral indices on the National Stock Exchange moved higher in morning deals.IndexChangeNifty Bank+1.02%Nifty Financial Service+0.94%Nifty Private Bank+0.87%Nifty Metal+0.74%Nifty PSU Bank+0.25%Nifty Fast-Moving Consumer Goods+0.09%Nifty Realty-0.28%Nifty IT-0.39%Nifty Auto-0.45%Nifty Pharma-1.20%Nifty Media-1.72%Sensex Up 32 Points, Nifty Flat The Sensex and Nifty swung between gains and losses, as losses in energy stocks were countered by gains in metal shares.
At 9:40 am, the Sensex traded 31.85 points - or 0.08 per cent - higher at 37,705.16 while the Nifty was down 2.45 points - or 0.02 per cent - at 11,172.30.
Top laggards on the 50-scrip index at the time were Zee Entertainment and Bharat Petroleum, trading 8.15 per cent and 3.02 per cent lower respectively.Top Nifty GainersSensex, Nifty Erase Early Gains Amid Choppy TradeAfter a positive start, both benchmark indices reversed direction amid selling pressure in financial, auto and energy sectors.
The S-P BSE Sensex index fell as much as 138.77 points from its previous close to hit 37,534.54 on the downside in the first few minutes of trade.
The broader NSE Nifty benchmark slipped to 11,117.85, down 56.9 points from the previous close.Sensex Opens 180 Points Higher, Nifty At 11,196Domestic share markets started the session on a higher note, with the benchmark Sensex index opening 180.49 points - or 0.48 per cent - higher at 37,853.80.
The broader Nifty benchmark started the session at 11,196.20, up 21.45 points - or 0.19 per cent - from its previous close.Both benchmark indices had shed nearly 3 per cent in last five consecutive sessions.Sensex, Nifty Rise In Pre-Open MarketIn the pre-opening session, the S-P BSE Sensex index rose as much as 248.14 points - or 0.66 per cent - to touch 37,921.45.
At 9:07 am, the Sensex was up 178.56 points - or 0.47 per cent - at 37,851.87, while the broader NSE Nifty index was at 11,196.20, up 21.45 points - or 0.19 per cent - from its previous close.Markets To Remain Closed On Tuesday For DussehraThis is a second straight week of four trading days.
The financial markets will remain shut on Tuesday for Dussehra.
Last Wednesday, the markets were closed on account of Mahatma Gandhi Jayanti.After Monday's session, the stock markets will resume trading on Wednesday, October 9.Earnings, Macroeconomic Data In Focus This WeekAnalysts say macroeconomic data and earnings from large cap companies such as Infosys will be monitored closely this week.TCS will kick off the earnings season by reporting its financial performance in the September quarter on Thursday.
Infosys will post its results the next day.
The government is due to release data on industrial production on Friday.Asian Shares Edge Higher On Easing Concerns About Global GrowthEquities in other Asian markets edged higher after data showed the US unemployment rate dropped to the lowest in almost 50 years, easing concerns of a slowdown in the world's largest economy.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.25 per cent, Japan's Nikkei stock index climbed 0.29 per cent and Australian shares went up 0.48 per cent.SGX Nifty Futures Indicate Higher Opening For NSE NiftyDomestic stock markets are likely to start the holiday-shortened week on a higher note on Monday.
At 8:34 am, the Singapore Exchange (SGX) Nifty futures were up 7.50 points - or 0.07 per cent - at 11,213.50.The SGX Nifty futures are an early indicator of the National Stock Exchange (NSE) Nifty index in India.