Closing bell: Sensex surges 276 points, Nifty settles above 10,850 led by banking stocks

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 advanced on Monday as investors shifted to focus on corporate earnings from trade tensions. The Indian rupee strengthened against the US dollar, tracking gains in other Asian currencies and ahead of key consumer price inflation data this week. Moreover, Asian share markets advanced as favorable US jobs data whetted risk appetites. Oil prices pushed higher as the US dollar eased following the jobs report. Meanwhile, foreign investors sold equities to the tune of Rs968.18 crore on Friday, while local investors bought shares worth a net of Rs1,480.82 crore, provisional data showed. Get Instant Free Trial click hereReference By- https://www.livemint.com/Money/eLdgK7dybFCDAzBIf43HJL/Stock-Market-LIVE-Sensex-Nifty-set-for-positive-start.html