Indian benchmark indices made a strong start to the week with the Nifty hitting a fresh all-time high.
The Sensex rose up 259 to 41,858, and the Nifty was up 69 points at 12,326. (9.20AM)
Nifty IT and Pharma are leading sectoral indices. All indices are trading in the green.
Nifty IT is up by over 1% led by Infosys and Tata Elxsi.
Infosys is trading higher by over 3% after reporting a robust set of numbers on Friday. The IT firm registered a qoq growth of 10.9% (rupee terms) at Rs4,109cr in the quarter ended December 2019. The company raised its FY20 revenue guidance to 10-10.5% from 9-10% earlier.
Tata Steel, Wipro, ICICI Bank, IndusInd Bank, and Bajaj Finance were among the major gainers, while Yes Bank, Tata Motors, and Dr Reddy's were the among the top losers on the indices.
The Indian rupee opened higher by 15 paise at 70.79/$ on Monday vs. Friday's close of 70.94/$.
Asian markets mostly traded flat ahead of the signing of the "phase 1" agreeement between the US and China on Jan 15.
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