Indian Markets Open Higher; BSE Sensex Gains Over 200 Points

Indian stock markets opened higher on Monday. The S&P BSE Sensex climbed 216 points, or 0.79 percent at 27489.89. The 30-share index touched a high of 27,591.15 in the morning trade. The Nifty50 rose 0.87 percent to 8506.80, reaching a high of 8,535.85 in the morning trade.

The S&P BSE Midcap Index gained 1.2 percent, while the BSE S&P Smallcap Index rose 1.6 percent.

Lupin, ICICI Bank, and State Bank of India were among the major Sensex gainers

The Indian rupee rose around 2 paise versus the U.S. dollar to trade at 66.68 in morning trade.

The Federal Bureau of Investigation has cleared Hillary Clinton on the emails. US stock markets closed lower overnight, with the Dow Jones Industrial Average falling 0.24 percent, the S&P500 index dropping 0.17 per cent, and the Nasdaq Composite slipping 0.24 percent.

US WTI crude futures on the NYMEX gained 1.09 percent to trade at $44.55 per barrel.

Top market movers among the BSE index are as follows

• Shares of Tanfac Industries Ltd. rose 20 percent to 55.90 INR.
• Cals Refineries Ltd. shares surged 19 percent to 0.25 INR.
• Monnet Project Developers Ltd. rose about 18 percent to 18.80 INR.
• Pioneer Investcorp Ltd. shares gained around 16 percent to 23.40 INR.

• Store One Retail India Ltd. dropped around 14 percent to 125.15 INR.
• ATN International Ltd. fell around 13 percent to 0.35 INR.
• Jocil Ltd. slipped 10 percent to 193.20 INR.
• Eurotex Industries & Exports Ltd. shares declined 7 percent to 26.55 INR.