-Domestic equity benchmark BSE Sensex rallied over 662 points in opening session on Monday after the government rolled back the enhanced surcharge on foreign portfolio investors, and unveiled a slew of measures to boost the economy.

-At 12.04 pm, the Nifty traded at 10914, higher by 85 points. The Sensex gained 325 points to trade at 37025. The Nifty MidCap index was up half a percent. 

-The Nifty PSU Bank index rose over 6 percent on Monday after finance minister Nirmala Sitharaman announced a Rs 70,000 crore recapitalisation plan for PSU Banks. 

-Domestic metal stocks were down 4-6 percent on fears that the escalating trade war between the US and China will push down global base metal prices due to weak demand in the future if global economies enter into recession.

Shares of most auto parts and tyre makers were up 2-12 percent due to bargain buying after the government on Friday announced measures to address the slowdown in the automobile sectors, and the economy at large. Shares of Rane Madras were up 11.4 percent at Rs 233.55, Jay Bharat Maruti up 10 percent at Rs 173, Pricol up 8 percent at Rs 25.90, Munjal Auto Industries up 7 percent at Rs 36.65, Minda Corp up 6.3 percent at Rs 70.95, Bharat Gears up 3.5 percent at Rs 59.50, and Ceat up 3.3 percent at Rs 889.95. So far this year, shares of most auto parts and tyre makers are down 20-60 percent.

Domestic metal stocks were down 4-6 percent on fears that the escalating trade war between the US and China will push down global base metal prices due to weak demand in the future if global economies enter into recession. The Nifty Metal index was down nearly 4 percent, with shares of Tata Steel down 5.5 percent at Rs 326.25, Vedanta shares were down 5.4 percent at Rs 130.05, while those of JSW Steel were down 5 percent at Rs 210.20. Hindalco Industries stock was down 4.4 percent at Rs 172.20, while that of Steel Authority of India was down 4.6 percent at Rs 29.90. So far in 2019, the Nifty Metal index was down over 30 percent.