INSUBCONTINENT EXCLUSIVE:
The BSE metal index was the leading sectoral gainer on the BSE, surging more than 2 per cent.The benchmark indices continued to trade at
record highs on Monday afternoon on the back of positive global cues
The Asian markets are in the green across the board and the European markets have also opened higher after US Federal Reserve Chairman
Jerome Powell struck a more dovish tone on Friday, surpassing investors' expectations.As of 1:45 pm, the BSE Sensex was trading at 56,700,
higher by 578 points or 1 per cent and NSE Nifty had advanced 177 points or 1 per cent to 16,882
All the sectoral indices were trading in the green, with the exception of the IT index.The BSE metal index was the leading sectoral gainer
on the BSE, surging more than 2 per cent.In the currency market, the rupee rose to its strongest in two-and-a-half months on Monday, after
the United States Federal Reserve chairman's comments sparked bets of a slower reduction in monetary stimulus
The rupee was trading at 73.48/49 per dollar after touching 73.39 earlier in the day, its strongest level since June 16
The domestic currency had closed at 73.68 on Friday.On the stock-specific front, Tata Steel has surged 4.2 per cent to Rs 1,443 to top the
Bajaj Finance, Axis Bank and Maruti Suzuki are the other significant gainers on the BSE.On the other hand, information tech stocks are
trading weak, with Tech Mahindra, Infosys and TCS losing around a per cent each on the BSE.Among stocks in the news, Maruti Suzuki shares
were trading higher by 2.3 per cent at Rs 6,758.90 on the BSE after the auto major announced plans to hike the prices across models in
September 2021.Larsen - Toubro surged 2.87 per cent to hit an intraday high of Rs 1,637.65 as its construction arm won 's ignificant'
orders from its various businesses
'Significant' orders in L-T's order book refer to orders in the range of Rs 1,000 crore to Rs 2,500 crore.Vedanta soared more than 2 per
cent to Rs 299 on the news that its board will meet next week to consider and approve the first interim dividend for 2021-22.
