Sensex Rises Over 100 Points, Nifty Above 17,950 Led By L&T, Kotak Bank

The Indian equity benchmarks edged higher on Monday led by gains in Larsen & Toubro, Infosys, HDFC, Kotak Mahindra Bank, Tata Consultancy Services, Tech Mahindra and ITC. The Sensex rose as much as 367 points and Nifty 50 index briefly moved above its important psychological level of 18,000 amid mixed cues from other Asian markets.

Asian share markets were mixed on Monday as risk assets found support from the upbeat U.S. October payrolls report, but faced another test later in the week from a reading on U.S. inflation that could spook the rate horses.

As of 9:20 am, the Sensex was up 104 points at 60,171 and Nifty 50 index advanced 45 points to 17,962.