Markets open on strong note: Sensex rises 150 points; Infosys shares witness 4% jump

Markets opened on a positive note on Monday with Sensex rose over 150 points and Nifty touched the 9900 mark. 

The 30-share BSE Sensex was up 154.47 points at 31,750.53 and the 50-share NSE Nifty gained 40.15 points at 9,897.20.

The major focus were on the shares of Infosys which surged up to 4% after as Nandan Nilekani, 62, rejoined the firm in turmoil times as chairman of Board to provide stability within and outside the company. 

DLF shares also rose up to 6% after the firm entered into a strategic partnership with Singapore’s sovereign wealth fund GIC to build rental assets in India under the consolidated portfolio of DLF Cyber City Developers (DCCDL).

The transaction envisages an enterprise value of Rs 35,617 crore for DCCDL. 

"Post completion of series of steps as contemplated in the transaction, DLF shall hold 66.66% equity shares (up from 60% diluted equity earlier) and an affiliate of GIC shall hold 33.34 per cent equity shares in DCCDL”, DLF said on Sunday. 

Kotak Mahindra Bank, Eicher Motors, Reliance Industries, Hindalco Industries, Sun Pharma and ONGC were also  among the gainers in early trade.

Adani Enterprises, Adani Power, Future Enterprises, Suzlon Energy, Ansal Housing, Nestle India, Bajaj Finserv and Bajaj Finance also saw a jump of 6%. 

However, stocks of PC Jeweller, Titan Company, Strides, Wockhardt and Cadila Healthcare were in pressure in the morning trade.