Sensex gains 146 points on strengthening rupee, global cues

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The Nifty recorded intra day high and low at 10,662.75 and 10,635.65 respectively. "Additionally, investor sentiment improved after a tepid U.S. job data which may slow down FEDs rate hike trajectory", said Vinod Nair, Head of Research, Geojit Financial Services.

"Sustained FII selling in cash continues to be a limiting factor, but earnings positivity has kept the momentum in favour of the bulls so far".

Biggest gainers in the 30-share index were Mahindra & Mahindra (3.68%), Axis Bank (2.82%), Tata Steel (2.52%), ICICI Bank (2.30%), Hindustan Unilever (1.91%), and Reliance Industries (1.88%).

ICIC Bank jumped 2.30 per cent ahead of its results. The Sensex is at 35110.74, up 0.56%.Glenmark Pharmaceuticals Ltd has lost around 6.3% in last one month.Meanwhile, Nifty Pharma index of which Glenmark Pharmaceuticals Ltd is a constituent, has increased around 0.4% in last one month and is now quoting at 8817.45, down 0.5% on the day. Other major sub-indices- Auto and FMCG also closed 1.50 per cent above previous closing.

Shares of Ujjivan Financial Services witnessed biggest fall in three months on Monday, tanking almost 6 per cent.

In the broader market, the BSE Midcap gained 0.5 per cent, while the BSE Smallcap added 0.6 per cent. Market breadth, indicating the overall health of the market, turned positive.

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Meanwhile, global oil prices reached their highest since November 2014, affected by a deepening economic crisis in Venezuela and uncertainty over the USA re-imposing sanctions against Iran. Crude oil prices rose by 0.75 per cent to Dollars 75.43 a barrel.

Most oil and gas stocks jumped, including GAIL (3.93 per cent), Oil India (2.57 per cent), International Olympic Committee (1.58 per cent), BPCL (1.43 per cent) and HPCL (0.86 per cent).

Brokers said buying by DIIs and retail investors amid a firm trend at other Asian bourses following strong closing on Wall Street led the markets higher.

In the Asian region, Hong Kong's Hang Seng was up 0.52% and Shanghai Composite Index rose 1.06%, while Japan's Nikkei shed 0.45% in early trade.

This is published unedited from the PTI feed.

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