Indian benchmark indices opened in the green on Monday, following Asian stocks which were up over a rise in manufacturing activity in China.
The Sensex was trading higher by 137 points at 40,930, while the Nifty rose 32 points to 12,088. (9.28AM)
All sectors traded in the negative, except Nifty Media.
Nifty Auto was the top loser, down 0.8% after several automakers released sales data for November 2019. India’s largest carmaker Maruti Suzuki India Ltd (MSIL) recorded a 2% yoy decline in its total wholesales in November, the company said in a statement on Sunday.
For November 2019, Eicher Motors' total domestic sales declined 22.8% yoy. The company sold 2,948 units in November 2019 vs. 3,817 units in November 2018.
Reliance Industries, Escorts, Bharti Airtel, and PNB were the top gainers, while Yes Bank, Eicher Motors, Tata Motors, ONGC, Titan and Suven Life were the top losers on the indices.
The Indian rupee opened lower at 71.78/$ on Monday vs. Friday's close of 71.74/$.
Oil prices rose by more than 1% on Monday as signs of rising manufacturing activity in China indicated a better demand outlook. Further, the OPEC may deepen or extend supply cuts at its meeting this week.
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