Sensex extends gains to over 200 points, Nifty around 10,550; auto surges

Equity benchmarks began the week on a positive note, tracking positive global cues.

The Sensex is up 109.15 points or 0.32% at 34251.30, while the Nifty is up 33.30 points or 0.32% at 10524.30. The market breadth is positive as 510 shares advanced, against a decline of 123 shares, while 102 shares are unchanged.

Nifty Pharma is likely to be witnessing some profit booking after days of upmove last week. All other sectoral indices are trading in the green, with financials and auto leading the pack.

Dr Reddy’s and Sun Pharma are the top losers on both indices, while Tata Steel, Adani Ports and Vedanta have gained the most.

The Indian rupee opened higher by 8 paise at 64.65 per dollar on Monday versus 64.73 Friday.

"The rupee will see marginal positive impact in today's session on back of positive cues from the domestic equity market."

"We expect the USD-INR pair to trade in a range of 64.50-65,"

Asian markets rose early on Monday, tracking gains seen on Wall Street as US bond yields receded from recent four-year highs in the last session.

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