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Market remains upbeat, Sensex jumps 200 points, Nifty holds 10,800 mark; Vedanta surges 3%

Market remains upbeat, Sensex jumps 200 points, Nifty holds 10,800-mark; Vedanta surges 3%

Market remains upbeat, Sensex jumps 200 points, Nifty holds 10,800-mark; Vedanta surges 3%
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By CNBC-TV18 Dec 17, 2018 12:11:10 PM IST (Published)

The Indian market remained upbeat towards the second half of the session on Monday, supported by financial stocks.

The Indian market remained upbeat towards the second half of the session on Monday, supported by financial stocks.

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At 11:50 am, the BSE Sensex was trading 276 points higher at 36,237 while the NSE Nifty was trading 65 points higher at 10,871. The BSE Sensex opened 187 points higher at 36,179, while the NSE Nifty opened 46 points higher at 10,851.
Vedanta continued to surge in trade at 11:50 am, gaining 3 percent after the National Green Tribunal (NGT) order allowing the reopening of its Sterlite Copper Smelter plant in Tuticorin district, Tamil Nadu.
Along with Vedanta, Power Grid, Wipro, ICICI Bank and Tata Motors were among the top five Nifty gainers.
Infosys, Indiabulls Housing, Hero MotoCorp, Kotak Mahindra and Bajaj Finserv were the top Nifty losers towards the noon.
On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 861.94 crore on Friday, while domestic institutional investors (DIIs) sold equities to the tune of Rs 303.52 crore, provisional data showed.
On the global front, Asian share markets started the week on a cautious footing on Monday.
MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed, while Japan’s Nikkei was up 0.1 percent in early trade. US stock futures were also almost flat. The S&P 500 lost 1.91 percent to 2,599.95, marking its lowest close since April 2.
Global investors remained jittery as weak economic data from China and Europe added to evidence of cooling global growth and reinforced anxiety over the impact of international trade frictions on business and profits.
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