Indian market staged a major recovery in the second half of Monday’s trading session to settle higher at close. The Nifty ended at 10,629 with a gain of 102 points, while the Sensex moved 373 points higher to settle at 35,354. Barring pharma, all the sectoral indices ended with gains, largely led by private banks, IT and FMCG heavyweights of ITC and Hindustan Unilever.

Share Market Live

NSE

Ahead of the derivatives expiry later this week, major gains were mostly seen in the banking names helping the banking index, the Nifty Bank to end 366 points higher to 26,366. The midcaps, however, relatively underperformed with the midcap index closing with minor gains of 34 points at 17,381, keeping market breadth in favour of declines. The NSE Advance-Decline stands at 2:3.

Yes Bank edged 4 percent lower, but shares recovered 5 percent from the day’s lows on reports that bank’s promoters made a pre-payment of loans worth Rs 400 crore to two mutual funds. IT stocks reversed their losses as rupee failed to hold the three-month high levels seen at the opening trade.

Amongst property stocks, Godrej properties saw a gain of more than 4 percent after CLSA in its Greed and Fear report said long-term future of realty industry should be much more robust.

In the futures market, Nifty 10,600 Call option shed 6 lakh shares in the open interest with premium gaining 96 percent and Nifty 10,700 Call option shed a little more than 4 lakh shares in the open interest with premium moving 111 percent higher.

The Nifty 10,500 Put option added 13 lakh shares in the open interest with premium slipping 72 percent and 10,600 Put option premium slipping 66 percent. Nifty November Futures closed with a premium of 16 points against a discount of 2 points on Thursday.

Asia markets were mixed on Monday as energy stocks declined after oil prices fell last week to their lowest levels in more than a year.

Chinese markets erased earlier gains to close lower: The Shanghai composite was down 0.14 percent to close at around 2,576, while the Shenzhen composite slipped 0.3 percent to 1,330.92. Hong Kong’s Hang Seng index gained 1.7 percent.

Investors are also looking ahead at a highly anticipated meeting between Chinese president Xi Jinping and US president Donald Trump at the upcoming G-20 summit in Buenos Aires, Argentina, which is scheduled to happen at the end of this week.

Japan’s Nikkei 225 rose 0.76 percent to close at 21,812, while the Topix Index saw gains of 0.2 percent to 1,632.20. South Korea’s Kospi advanced 1.24 percent to 2,083.02.

Over in Australia, the benchmark ASX 200 fell 0.78 percent to 5,671.60, with the energy subindex down 2.46 percent and the materials sector off by 2.47 percent.

Major mining companies’ shares declined with Rio Tinto falling 3.56 percent, while Fortescue Metals Group declined 3.99 percent. BHP Billiton dropped 3.55 percent.

Metal prices fell on Friday amid concerns over weaker demand from China.

Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know.