Ongoing bull market phase 'longest and slowest', says Morgan Stanley

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		Almost across-the-board buying and US-China trade talks optimism lifted benchmark indices nearly 1.50 per cent higher on Monday. The session witnessed some solid buying in blue-chips such as HDFC, Bharti Airtel, Axis Bank, Reliance Industries (RIL), and IndusInd Bank. On the global front, news reports that China and the United States were &lsquo;very close&rsquo; to a phase one trade deal, boosted investor sentiment further.&nbsp;</div>
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		At close, the S&P BSE Sensex stood at 40,889, up 530 points or 1.31 per cent. During the day, the index hit an all-time high of 40,931.71 levels. Bharti Airtel (up 7 per cent) emerged as the top gainer on the index while ONGC (down over 2 per cent) was the biggest loser.&nbsp;</div>
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		Market breadth was in favour of buyers as out of&nbsp;2,707 companies traded on the BSE, 1,418 advanced and 1,083 declined while 206 scrips remained unchanged.</div>
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		NSE&#39;s Nifty50 index ended at 12,079, up 165 points or 1.38 per cent.&nbsp;</div>
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		Broader market, too, participated in Monday&#39;s rally. The Nifty Midcap 100 index ended over a per cent higher at 17,055 levels while the Nifty Smallcap 100 pack gained 0.70 per cent to close at 5,741 levels.&nbsp;</div>
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		Sectorally, all but media stocks ended in the green. Metal stocks rallied the most on renewed hopes of positive developments in US-China trade talks. The Nifty Metal index climbed over 3 per cent to 2,599 levels. Auto and Pharma stocks were next on the list. On the downside, Nifty Media index slipped over 1.50 per cent to 1,946 levels.&nbsp;</div>
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		<b>BUZZING STOCKS</b><br />
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		Shares of State Bank of India (SBI) hit an over three-month high of Rs 336, up over 2 per cent on the BSE.&nbsp;In the past nine trading days, SBI has outperformed the market by gaining 9 per cent after the Supreme Court judgement on Essar Steel resolution came in favor of financial creditors on November 15, 2019. <a href="https://www.business-standard.com/article/markets/sbi-hits-over-three-month-high-surges-37-from-october-lows-119112500457_1.html" target="_blank"><em><strong>READ MORE</strong></em></a></div>
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	Shares of Ashoka Buildcon zoomed 11.5 per cent to Rs 104.05 apiece during the day on the BSEc after the company&#39;s subsidiary bagged a project worth Rs 1,000 crore in the state of Telangana. Shares ened at Rs&nbsp;96.45, up nearly 3.50 per cent.&nbsp;<em><strong><a href="https://www.business-standard.com/article/markets/ashoka-buildcon-zooms-12-on-receipt-of-order-worth-rs-1-000-crore-119112500173_1.html?1574656984" target="_blank">READ MORE</a></strong></em><br />
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	Shares of Adani Green Energy (AGEL) hit a new high of Rs 115, up 7 per cent on the BSE on the back of heavy volumes. The stock had rallied 10 per cent on Friday. <em><strong><a href="https://www.business-standard.com/article/markets/adani-green-energy-extends-rally-stock-zooms-120-in-two-months-119112500184_1.html" target="_blank">READ MORE</a>&nbsp; &nbsp;</strong></em><br />
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		<strong>GLOBAL MARKETS</strong></div>
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		World shares staged a cautious rally on Monday as investors held out for some progress in US-China trade talks, while the dollar dipped after its latest rally on the back of strong US economic data. The MSCI All-Country World Index, which tracks shares across 47 countries, was up 0.2 per cent. In Asia, MSCI&rsquo;s broadest index of&nbsp;</div>
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		Asia-Pacific shares outside Japan bounced 0.7 per cent, after losing 0.4 per cent last week. Japan&rsquo;s Nikkei firmed 0.7 per cent, while Australian stocks rose 0.5 per cent and Shanghai blue chips 0.3 per cent.</div>
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		European shares rose for the second straight session following reports that Washington and Beijing were nearing a trade agreement. The pan-European index was up 0.7 per cent till the time of writing of this report, led by trade-sensitive miners. E-Mini futures for the S&P 500 added 0.2 per cent.&nbsp;</div>
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		In commodities, oil prices gained on US-China trade talks optimism.&nbsp;</div>
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		<strong><em>(With inputs from Reuters)</em></strong></div>
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MARKET WRAP: Sensex jumps 530 pts, ends at fresh closing peak; metals shine

Business Standard

MARKET WRAP: Sensex jumps 530 pts, ends at fresh closing peak; metals shine | News on Markets - Business Standard

At 8:21 AM, Brent Crude Futures were at $62.44 per barrel, up 0.11 per cent.<br />
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At 8:19 AM, the Singaporean Exchange for Nifty Futures were at&nbsp;11,938 level, up 19 points.

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MARKET WRAP: Sensex jumps 530 pts, ends at fresh closing peak; metals shine

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