At 10:04 AM, the S&P BSE Sensex was trading at 34,903 up 310 points while the broader Nifty50 index was ruling at 10,763, up 81 points.
Pirates deal star outfielder Andrew McCutchen to Giants
After trading Gerrit Cole to the Houston Astros , it was believed that McCutchen would be the next in line to be dealt. It's a bit of good news for Pirates fans on a day when they traded franchise icon Andrew McCutchen to the Giants.
Asian shares too hit historic highs on Monday after Wall Street extended its record-breaking run, while the United States dollar retreat continued as investors priced in the risk of tighter policies elsewhere in the developed world. All the sectoral sub-indices were trading in the green with bank and financial service stocks outperforming the others, both surging more than a per cent. "Major Asian markets have closed on a positive note, barring the Shanghai and Hang Seng indices, while the European indices like FTSE 100, DAX and CAC 40 traded in the red", Jasani said.
"Bank Nifty led from the front owing to encouraging growth in industrial activity which raised the expectation for credit cycle improvement, while healthy domestic liquidity and strong rupee kept the direction intact", Nair added.
Ford plans to invest 11 billion Dollars in development of electric cars
The American vehicle giant said the increased spending will lead to 16 fully electric and 24 hybrid and plug-in hybrid models. Volkswagen said in November that it plans to spend $40 billion on electric cars, autonomous driving by the end of 2022.
Biggest gainers in the 30-share index were ICICI Bank (3.73%), Tata Steel (1.94%), Housing Development Finance Corporation (1.42%), NTPC (1.22%), M&M (1.08%) and State Bank Of India (1.04%). Find us on Facebook too!
Australia lose quick-fire wicket in first ODI
Earlier, Aaron Finch scored a century for Australia as they posted an imposing total in the first innings. In the last 10 overs, England need just 36 runs with eight wickets in hand.