Gainers & Losers
NEW DELHI - Jindal Steel and Power Ltd has shelved a $10 billion coal-to-diesel project, its chairman told Reuters, becoming the first big casualty of a Supreme Court decision to scrap coalfields allocated to private firms since 1993.
Reuters Market Eye - The BSE Sensex and Nifty surged to record highs on Monday, tracking Asian peers which jumped on the prospect of further policy stimulus in China and Europe.
SINGAPORE - Brent crude futures rose above $80.50 a barrel on Monday ahead of a meeting of the producer group OPEC at which an output cut will be discussed, while China's move to lower interest rates late last week also underpinned prices.
SEOUL - Hyundai Motor and Kia Motors on Monday raised their target for 2014 global sales to at least 8 million vehicles, anticipating record-high China sales to offset slowing growth in the United States and Europe.
The rupee trades at 61.7575/7675 versus its Friday's close of 61.7625/7725. The Indian unit earlier rose to 61.6550.
HONG KONG/SHANGHAI - Chinese stocks rose, with a key index hitting a three-year high, while bond yields fell on Monday, as markets cheered a surprise rate cut that investors hope may signal the start of a fresh cycle of aggressive policies to boost flagging growth.
Reuters Market Eye - Tata Steel gains 2.5 percent, while Hindalco Industries is up 2.8 percent.
All Indian Indices
|Symb||Index||Mkt Report||Time||Last||Chg||Chg %|
|.BSESN||BSE Sensex||2:48pm IST||28,533.97||+199.34||+0.70%|
|.CNXMDCP||CNX Midcap Index - NSE||2:46pm IST||12,296.80||+42.85||+0.35%|
|.CRSLDX||S&P CNX 500 Index - NSE||2:46pm IST||6,882.80||+35.50||+0.52%|
|.NSMIDCP||Nifty Jr||2:47pm IST||18,569.75||+60.10||+0.32%|
|.TRXFLDINP||Thomson Reuters Equity India Index||2:31pm IST||915.70||+3.49||+0.38%|