India share markets opened on a strong footing. NSE Nifty and BSE Sensex were trading with decent gains after opening on a positive note on Monday’s session.
Shares of Mahindra & Mahindra, Tata Steel, and ONGC rose 2 to 5% as investors cheered their October-December earnings. Shares of Pharma, metal, and automobile companies were among the top gainers in early trade.
The BSE Sensex was trading higher by 226 points at 34232, while the NSE Nifty was trading higher by 64 points at 10519 in the late morning deals.
Shares of IDFC Bank (up 1.50%), Axis Bank (up 1.85%), YES Bank (up 1.24%), Federal Bank (up 1.69% and HDFC Bank (up 0.79%) The Nifty Private Bank index was trading 0.60% up at 14,310 on late hours on Monday with all components in the green.
IPO: The Initial Public offering of Aster DM Healthcare IPO opened today, with a price band of Rs 180 – 190 per share. The company has allotted 1,54,75,843 shares at Rs 190 each to anchor investors raising Rs. 294 crore.
Rupee rebounds: The Indian rupee recovered by 15 paise to 64.25 versus US Dollar in early trade on Monday, amid strong domestic equities.
Gold: COMEX Gold futures ended near to USD 1,320 per ounce levels. MCX Gold futures ended just above Rs 30,000 per 10 grams in last session.
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