Equity indices rise on global cues, Sensex over 200 points

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The wider Nifty50 of the National Stock Exchange held the 10,500-mark and closed higher by 84.80 points or 0.81 per cent at 10,539.75 points.

Sensex and Nifty had fallen almost 3 percent last week, hit by a global market rout.

Major Sensex gainers on Monday were: Tata Steel, up 4.22 per cent at Rs 712.50; Yes Bank, up 2.89 per cent at Rs 334.95; Power Grid, up 2.51 per cent at Rs 198.05; IndusInd Bank, up 2.12 per cent at Rs 1,686.45; and Hero MotoCorp, up 1.94 per cent at Rs 3,615.

The rupee recovered by 15 paise to 64.25 against the dollar in opening trade today on fresh selling of the United States currency by exporters and banks amid a higher opening in domestic equity markets. Market will remain closed on account of Mahashivratri on Tuesday. The lender posted a massive Rs 2,416.37-crore net loss for the December quarter of current fiscal as its bad loans and provisions spiked.

SBI, however, dropped 2.85% following poor quarterly results. The stock closed 1.65% lower at 190 level on BSE.

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In the S&P BSE 500 index Bajaj Electricals, HEG, Rain Industries, Fortis Healthcare, Jet Airways, 8K Miles, Shankara Building Products, SAIL, Polaris Consulting rose 10-20 percent in the week gone by.

"Attraction is back into pharma stocks", he added.

European shares rebounded from six-month lows on Monday as jitters over a sudden spike in volatility that wiped off $1 trillion in market capitalization last week appeared to ease. The UK's FTSE and Germany's DAX also rose more than 1 percent.

In terms of the broader markets, the S&P BSE mid-cap index edged higher by 1.31 per cent and the small-cap index by 1.60 per cent. It traded at 64.28 to a dollar at 11.20 am, against Friday's close of 64.40.

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