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Share Market: Sensex Jumps 280 Points, Nifty Above 11,950

The equity benchmark indices started on a higher note on Monday’s trading session amid gains on Asian peers. In the early deals, the S&P BSE Sensex rose as much as 337.74 points to 39,953.64, and the NSE Nifty 50 index rose as much as 98.85 points to 11,969.50. At 9:39 am, the Sensex index of BSE traded at 39,902.39, with a gain of 286.49 points or 0.72%, and the broader Nifty 50 was at 11,959.80, up 89.15 points or 0.75%. Trading between 1.84% and 2.97% higher, Yes Bank, Tata Steel, PowerGrid, Vedanta, and TCS were the top gainers on the Sensex pack. Top advancers on the Nifty index were Indiabulls Housing Finance, IndusInd Bank, Zee Entertainment, Yes Bank, Vedanta, and State Bank of India, gaining between 1.33% and 2.52%. The central bank would closely monitor the health of non-banking financial companies (NBFCs), said RBI (Reserve Bank of India) Governor Shaktikanta Das. RBI has said that if needed, it would not hesitate to take corrective measures to address issues in the shadow-banking sector. In the global markets, the MSCI’s index of Asia-Pacific shares outside Japan surged 0.7%, Tokyo’s Nikkei rose 1.1%, led by strong gains in Indonesia and Hong Kong. Meanwhile, the Sensex gained 86 points or 0.22% to finish at 39,616, and the NSE Nifty ended 27 points or 0.23% higher at 11,871. (Harleen Sandhu)

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