INSUBCONTINENT EXCLUSIVE:
Share markets on Monday: Nineteen out of 30 Sensex stocks were trading in the red in morning session.Domestic stock markets started the week
on a choppy note despite sharp gains in global markets
BSE benchmark index Sensex jumped as much as 240 points to touch 36,467.61 while the broader NSE Nifty climbed 56 points to hit 10,986.65 in
53.55, or 0.5 per cent, at 10,984.00.The benchmark indices swung between gains and losses during Monday' session
October in its latest attempt to stem fears of a cascading credit crunch.Twenty out of 30 Sensex stocks were trading with gains in afternoon
Yes Bank was the top percentage gainer on both the indices
Prominent gainers in the 30-share Sensex pack were Yes Bank (up 6.6 per cent), TCS (up 3 per cent), ICICI Bank (up 2.6 per cent) and Tata
Top advancers on the 50-share Nifty pack included Hindalco Industries (up 5.4 per cent), Indiabulls Housing Finance (up 5.1 per cent) and
HDFC (up 2.7 per cent).The Nifty IT and PSU banks indices gained on the National Stock Exchange (NSE).Shares of Bandhan Bank Ltd plummeted
to their lowest since the lender's market debut in March, after the RBI withdrew permission to open new branches and froze its chief
executive's remuneration at the current level until further notice.Globally, the Canadian dollar and the Mexican peso rose and Japanese
shares hit 27-year highs on Monday after the United States and Canada reached a framework deal to update the North American Free Trade
Oil prices gained, with international benchmark Brent hitting a four-year high, as US sanctions on Tehran squeezed Iranian crude exports,
tightening supply even as other key exporters increased production.The Reserve Bank of India (RBI)'s monetary policy review along with
release of key macro data points and concerns regarding the stability of the NBFC segment scheduled later in the week will influence the
points and the Nifty50 dropping 47.10 points
That marked the lowest closing levels recorded for both the indices since July 9.(With inputs from agencies)
