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Sensex rallies over 250 points; Reliance, SBI stocks lead

The market breadth was positive with 1,200 shares advancing, 340 shares declining, and 83 remaining unchanged on the BSE.
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Equity benchmark indices opened higher on Monday due to fresh buying seen in auto, energy, telecom, consumer durables, and banking. The Sensex rallied 287 points to 36,985, while the Nifty was up 91 points to 11,126. The market breadth was positive with 1,200 shares advancing, 340 shares declining, and 83 remaining unchanged on the BSE.
Shares of Dilip Buildcon snapped two-day decline and rose 6% after the company was declared the lowest for the EPC project in Maharashtra costing Rs480cr to be completed in 24 months.
Shares of Jet Airways gained 3% after a media report said that the company has secured fresh credit facilities of Rs2,050cr from state-run Punjab National Bank that could provide a temporary lifeline to the cash-strapped airline.
Asian markets opened mixed after Friday's extreme sell-off caught everyone off guard. The Chinese index was down over 5% as other markets followed owing to huge profit booking that took place after a stupendous run in 2019.
The Indian rupee strengthened by 0.23% to 69.98 against the greenback.

SBI, ONGC, Coal India, and Hero MotoCorp were trading higher, while IndusInd Bank, Kotak Mahindra Bank, and NTPC were trading lower on the BSE.

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