The Nifty IT index settled 2.4 per cent higher led by a rally in Infibeam Avenues, Tata Consultancy Services (TCS) and Infosys. The Nifty PSU Bank ended 3.6 per cent higher led by IDBI and Indian Bank

Markets, Stocks, BSE, NSE, Trade

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	The benchmark indices settled nearly 1 per cent higher on Monday led by gains in the information technology (IT) and banking stocks.<br />
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	The S&P BSE Sensex ended at 36,526, up 299 points while the broader Nifty50 index settled at 11,008, up 78 points.<br />
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	Among sectoral indices, the Nifty IT index settled 2.4 per cent higher led by a rally in Infibeam Avenues, Tata Consultancy Services (TCS) and Infosys. The Nifty PSU Bank ended 3.6 per cent higher led by IDBI Bank and&nbsp;Indian Bank.<br />
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	Among key stocks, the shares of Infrastructure Leasing & Financial Services (IL&FS) Group companies rallied by up to 20% in intraday trade amid reports the government may move to seize control of the management of an Indian financier that&rsquo;s roiled markets by defaulting on debt, with the move coming just after the beleaguered company unveiled details of a restructuring proposal.<br />
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	Bandhan Bank hit the lower circuit, slipping 20 per cent to Rs 451.20 on the BSE following Reserve Bank of India&rsquo;s (RBI&#39;s) decision to stop the private sector lender from opening new branches and freezing the remuneration of its managing director & chief executive officer (MD & CEO) Chandra Shekhar Ghosh.<br />
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	The markets will remain closed on Tuesday on account of Gandhi Jayanti.<br />
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	Going ahead, investors will look forward to&nbsp;RBI&#39;s interest rate decision will be announced Friday. At its previous monetary policy meeting in August, the central bank raised the benchmark interest rate by 25 basis points to 6.50 per cent on inflationary concerns.&nbsp;</div>
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	<strong>Global Markets</strong><br />
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	The Canadian dollar, the Mexican peso, US stock futures and many share markets gained on Monday after the United States and Canada forged a last-gasp deal to salvage a trilateral trade agreement in North America.</div>
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		U.S. stock futures gained 0.5 per cent while Japan&#39;s Nikkei rose 0.5 per cent. MSCI&#39;s broadest index of Asia-Pacific shares outside Japan was soft, falling 0.25 per cent. China&#39;s financial markets were closed for a holiday, as was Hong Kong&#39;s stock exchange.</div>
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	<em>(with Reuters inputs)</em></div>

MARKET WRAP: Sensex rises 299 pts, Nifty reclaims 11,000 led by IT, banks

Business Standard

MARKET WRAP: Sensex rises 299 pts, Nifty reclaims 11,000 led by IT, banks | News on Markets - Business Standard

<strong>US stocks end near flat on Friday</strong><br />
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Wall Street ended flat on Friday as gains led by Intel, real estate companies and utilities were offset by Facebook after the social network disclosed a security breach. The Dow Jones Industrial Average rose 18.31 points, or 0.07 per cent, to 26,458.24, the S&amp;P 500 lost 0.06 points, or -0.00 per cent, to 2,913.94 and the Nasdaq Composite added 4.39 points, or 0.05 per cent, to 8,046.35.<br />

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	<strong>SGX Nifty trades in the green</strong></div>
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	At 08:20 am, the Nifty futures on the Singapore Stock Exchange (SGX) were trading 16.50 points or 0.15 per cent higher at 10,975.50.</div>

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