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Share market Updates: Sensex up 180 points; Nifty above 10900; ONGC, HDFC fall, Titan zooms 4%

Share market LIVE updates: The domestic stock markets– Sensex and Nifty –opened higher tracking positive global cues from Asian markets. The 30-share Sensex rallied by more than 182 points to 36,285.46 in the opening trade while the Nifty 50 is trading above the 10,850 marks.  Kotak Mahindra Bank shares slumped about 0.5% to Rs 1,237.20, as December 31st is the last day according to RBI for Uday Kotak’s to cut stake in the bank. Jewellery-maker Titan shares gained by more than 4% to hit the day’s high at Rs 925.75.


Earlier,  Singaporean and Malaysian stocks rose on Monday in thin year-end trading as a phone call between the U.S. and Chinese leaders spurred hopes that the two economic heavyweights would reach a deal that could ease their damaging trade standoff, Reuters reported.

Rupee opens higher at 69.78 per US dollar; 10-year bond yield falls to 7.37%
After appreciating about 40 paise on Friday to close the day 69.93 against the US currency, the rupee gained further strength and opened 15 paise at 69.78 per US dollar from the previous close. On the other hand, in bond markets, the 10-year government yield started at 7.37% against a previous close of 7.39%. On Friday, the domestic currency rose 40 paise to finish at an over one-week high of 69.95 per US dollar on strong dollar buying by banks and exporters amid the US currency’s weakness overseas.


Other sectoral gainers include automobiles, metals, and pharmaceuticals, among others. The Nifty Midcap index has opened around half a per cent higher. 
IndusInd Bank, State Bank of India, Indiabulls Housing and Hindalco have gained the most, while Kotak Mahindra Bank, Power Grid, and NTPC were the big losers. 



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