Sensex jumps 100 points, Nifty tests 11,700 on firm Asian cues

NEW DELHI: A much-needed rebound in US payrolls along with the possibility of a China policy stimulus sent world stocks racing giving the Indian indices a boost in Monday's trading session.



In a document published on the central government's website late on Sunday, Beijing said it would step up a policy of targeted cuts to banks' required reserve ratios to encourage financing for small and medium-sized businesses. Japan's Nikkei rose 0.2 per cent to its highest of the year so far, whil ..

At around 9:30 am, BSE benchmark Sensex was trading 100 points, up 0.26 per cent up at 38,962. NSE Nifty too opened with gains and was up 19.80 points or 0.17 per cent at 11,685 around the same time.

In the fifty-pack index, 33 stocks advanced, 17 declined while one was unchanged.

Among Sensex stocks, 20 traded in the green while 10 in the red. Bharti AirtelNSE 0.73 % was the biggest gainer, rising 1.79 per cent. Other players in the green zone were -- Powergrid, InfosysNSE 0.3 ..

Furthermore, BSE Midcap and BSE Small cap made softer gains, rising 0.27 per cent and 0.49 per cent, respectively.

On the BSE sectoral front, barring Energy and Oil and Gas all other sectors showed bullishness.

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