Sources from Mumbai made a statement that the S&P BSE Sensex opened 200 points higher on Monday, in line with global markets on signs of easing US-China trade tension. Meanwhile according to reports, China and the US agreed to halt additional tariffs in the G20 meeting in Buenos Aires over the weekend, pushing global stock markets higher.
Reports stated that buying was witnessed in metal, IT and FMCG counters while healthcare scripts came under selling pressure. Accordingly the stocks of key sectors; finance and banking traded higher and reportedly the Sensex of the BSE opened at 36,396.69 from its previous close at 36,194.30 on Friday.
Moreover it was reported that by 9.26 a.m., the Sensex traded at 36,337.41 higher by 143.11 points or 0.40%. Furthermore the Nifty50 of the National Stock Exchange (NSE) opened at 10,930.70 after closing at 10,876.75 on Friday and also the Nifty traded at 10,909.05 during the morning trade session, up 32.30 points and 0.30%.
Cyclonic Storm prevails over AP & North Tamilnadu According to sources the IMD stated the deep depression over south Bay of Bengal is likely to intensify into a cyclonic storm over the next 24 hours. Meanwhile the cyclonic storm is expected to move towards Andhra Pradesh and adjoining north Tamilnadu coast over the next 72 hours and the regions could witness heavy to very heavy rainfall.
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