Sensex Rises Over 100 Points; Reliance Industries, SBI Top Gainers

Asian shares got the week off to a cautious start on Monday as a spike in coronavirus cases across Asia over the weekend hurt investor sentiment while oil hovered around 2-1/2 year highs.

The domestic stock markets have opened mildly in the green, extending the gains witnessed in Friday's session,amid mixed global cues. At 9:18 am, the BSE Sensex is trading at 53,054.25, higher by 127.85 points or 0.27 per cent and the Nifty is at 15,898.75, up 31.10 points or 0.17 per cent. In the broader market space, the BSE Midcap index and BSE Smallcap index have added 0.2 per cent and 0.6 per cent respectively. Asian shares got the week off to a cautious start on Monday as a spike in coronavirus cases across Asia over the weekend hurt investor sentiment while oil hovered around 2-1/2 year highs. MSCI's broadest index of Asia-Pacific shares outside Japan was last a shade weaker at 703.17, still near a two-week high of 705.35 made on June 16. Australian shares slipped 0.3 per cent, while South Korea's KOSPI index was slightly higher. Japan's Nikkei was 0.1 per cent weaker. The S&P 500 ended the week at record high on Friday, lifted by Nike and several banks, while weaker-than-expected inflation data eased worries about a sudden tapering in stimulus by the Federal Reserve.