BSE Sensex breaks 28,000-level; up over 230 points on strong global cues

The benchmark BSE Sensex opened in the green on Monday morning, breaking the crucial 28,000-level. The domestic markets were buoyed by strong investment appetite seen in the global markets at the start of the fourth quarter. 

In early trade, the 30-share Sensex was trading at 28,081.85, up 215.89 points or 0.77%, while the 50-share Nifty was trading at 8682.20, up 71.05 points or 0.83%.

The world markets drew strength from Deutsche Bank's plans of negotiating a much smaller fine with the US Department of Justice, the Wall Street Journal reported on Sunday. 

"Just a hint of a deal was enough to push MSCI's broadest index of Asia-Pacific shares outside Japan 0.8% higher. The index climbed 8.8% in the third quarter, its best performance since early 2012. The Australian market added 1%, while Japan's Nikkei put on 1.1%," a Reuters report said.

"Japanese data showed confidence at big manufacturers was static in September amid a strong yen and sluggish demand at home and overseas. The mood was supported by a survey showing activity in China's manufacturing sector expanded again in September, which may indicate that recent positive momentum can be sustained," it said. 

On the BSE, the top gainers were, Jubilant Life Sciences (8.46%), Hathway Cable & Datacom (7.46%), Edelweiss Financial Services (6..75%). HDFC Bans was up 1.01%. The top losers were United Spirits (down 1.49%), TCS (0.71%).