INSUBCONTINENT EXCLUSIVE:
Strength in financial, consumer goods and IT stocks led the upmove in the markets
Domestic stock
markets started Monday's session on a strong note amid buying across sectors and advances in Asian peers
The S-P BSE Sensex index rose as much as 363.58 points to touch 39,979.48 in early deals, and the NSE Nifty climbed to 11,975.05, up 104.4
points from the previous close
Strength across sectors, led by financial, fast-moving consumer goods and information technology shares, pushed the markets higher
Analysts say consumer inflation data due this week will be watched closely
Nifty was up 99.55 points - or 0.84 per cent - at 11,970.20.Top gainers on the 50-scrip benchmark index at the time were Yes Bank,
Indiabulls Housing Finance, Britannia, Tech Mahindra, Tata Steel and Tata Consultancy Services (TCS), trading between 1.92 per cent and 2.86
per cent higher.Infosys, TCS and Larsen - Toubro contributed the most to the advances in Sensex.The Nifty IT index - comprising information
central bank would closely monitor the health of non-banking financial companies (NBFCs)
The RBI would not hesitate to take corrective measures, if needed, to address issues in the shadow banking sector.The comment comes at a
time when there are fears that the NBFC sector may be facing a major crisis
"We will not hesitate to take any required steps to maintain financial stability in the short-, medium- and long-term," Mr Das said.Equities
in other Asian markets rose amid easing concerns on the US-Mexico trade front, with MSCI's index of Asia-Pacific shares outside Japan
that opening up another trade conflict, while still battling with China, could tip the US and other economies into recession.The Sensex and
Nifty had ended 0.22 per cent and 0.23 per cent higher respectively on Friday.(With inputs from Reuters)
