Mumbai: Domestic equity benchmark BSE Sensex rallied over 260 points on Monday, tracking positive cues from global equities amid easing trade tension between the US and China.
The BSE Sensex was trading at 264.64 points or 0.67 per cent higher at 39,659.28 at 12:16 p.m. on Monday. Similarly, the NSE Nifty was trading at 66.40 points or 0.56 per cent at 11,855.25.
In the morning session, the 30-share index was trading 249.57 points or 0.63 per cent, higher at 39,644.21 at 0930 hours. Similarly, the broader NSE Nifty was quoting 71.35 points, or 0.61 per cent, up at 11,860.20.
In the previous session Friday, the BSE gauge settled 191.77 points, or 0.48 per cent, lower at 39,394.64, and the Nifty fell 52.70 points, or 0.45 per cent, to end at 11,788.85.
Top gainers in the Sensex pack in early trade included Tata Steel, NTPC, Bajaj Auto, HDFC Bank, Axis Bank, Hero MotoCorp, PowerGrid and Tata Motors, rising up to 1.27 per cent.
On the other hand, SBI, Yes Bank, Bharti Airtel, Maruti, HCL Tech, HUL and RIL were among the losers, shedding up to 0.78 per cent.
According to traders, domestic investors followed most Asian equities that rose amid reports that US President Donald Trump and Chinese President Xi Jinping agreed to restart the US-China trade negotiations.