Sensex, Nifty jump almost 2% higher amid global rally

Gaining over 350 points during the day the Sensex was at 33,630.39 points up 323.25 or 0.97% at 11am

On a weekly basis, the barometer 30-scrip Sensitive Index (Sensex) of the BSE shed 739.8 points or 2.17 per cent to close at 33,307.14 points. Firm trend in other Asian markets and higher opening in European bourses, following a good show by Wall Street on Friday, lifted investors' mood in domestic markets.

Equity markets on Monday turned encouragingly buoyant as Sensex posted its biggest gain in intra-day trade since March 2016. The broader NSE Nifty 50 was trading 131.40 points, or 1.28% higher at to 10,358.25.

NTPC climbed 4.33 per cent after Moody's Investors Service has assigned a Baa2 rating to the proposed senior unsecured United States dollars notes to be issued by NTPC Limited. Both the benchmark indices gained 2 per cent during the day. Investors awaited February CPI inflation and January industrial output data due later today.

Mother arrested after infant found crawling alone in street
The video, shared on Facebook by user Rn Jay, shows several people pick the 9-month-old child up off the ground as he cries. Toward the end you can hear a woman running up yelling "That's my baby?" Officers were later able to locate the mother.

Bangla plane crash-lands at Kathmandu airport, casualty feared
The aircraft with call sign S2-AGU took off from Dhaka and landed at TIA at 2:20 pm. "Details are awaited", he said. The plane is believed to have been travelling from Dhaka, the capital of Bangladesh, when it crashed in Kathmandu .

Tesla chief Musk says China trade rules uneven, asks Trump for help
Tesla has been looking to reduce its import duties to China by manufacturing their vehicles locally. The plans are so far unspecified, though Trump said "we're going to be doing a lot of that".

China data: China's industrial production, retail sales and fixed-asset investment numbers will be released on Wednesday and are are likely to point to slower growth, according to Bloomberg Economics forecasts.

Asian shares started the week on a strong note following a report Friday that showed strength in the American economy while easing fears of inflation and faster rate hikes. Metal stocks such as Vedanta, Jindal Steel, SAIL, Hindalco, Tata Steel, JSW Steel, National Aluminium, NMDC and Hindustan Zinc gained up to 4.43 per cent.

Private bank stocks ICICI Bank (up 1.37 per cent), IDFC Bank (up 1.20 per cent) and IndusInd Bank (up 1.03 per cent) were gaining over 1 per cent in morning trade on Monday, keeping the sectoral index in the green.

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