Wall Street and Asian markets were trading in the green on Monday, after the FBI gave a clean chit to Hillary Clinton in the fresh investigations opened over the e-mail scandal that has plagued her presidential campaign.
The domestic stock markets opened in the green on Monday morning, snapping its five-day losing streak, tracking the strength in the Asian markets.
In early trade, the BSE was trading at 27,507.08, up 232.93 points or 0.85% from Friday's close. The National Stock Exchange (NSE) Nifty was trading at 8497.35, up 63.60 or 0.75% from Friday.
Asian markets, taking cues from the Wall Street, were trading higher at the beginning of the week, after the US Federal Bureau of Investigation (FBI) gave a clean chit to Democratic presidential candidate Hillary Clinton, ebbing worries about the outcome of the elections.
On Monday, the Wall Street recovered and the dollar was firm after the Federal Bureau of Investigation cleared Clinton's name in the infamous e-mail scandal that has plagued her campaign. A Reuters report said, "Markets have tended to see US presidential contender Clinton as the status quo candidate, and news favouring her bid often boosts risk appetite," the report said.
Asian stocks bounced on Monday, with "The MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.7 percent. Leading regional gainers were Australian stocks and Japanese shares with gains of 1.3 percent and 1.2 percent, respectively."
On the BSE, the top gainers were Lupin Pharmaceuticals, up 5.49% at Rs 1,498.85, Balrampur Chini Mills Rs 110.35 apiece, up 5.25%, Punjab National Bank up 4.41% at Rs 137.40, Cox & Kings up 4.08% at Rs 213 per share. The shares of Hindustan Construction Company (HCC) were trading at Rs 35.75, up Rs 1.30 or 3.77% higher after the company became the first one to get a nod from the Reserve Bank of India's overseeing committee for the S4A debt restructuring scheme.
The top losers were Dena Bank down 2.21% at Rs 35.50, Mphasis down 1.30% at Rs 504.60 and Ajanta Pharma up 1.13% at Rs 1,853.
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