Sensex ends 113 pts higher, posts 8th straight gain, Nifty above 10500

The BSE Senex had gained 1,173.88 points in the previous seven sessions

The BSE Senex had gained 1,173.88 points in the previous seven sessions

Investors appeared slightly cautious amid mixed cues from global markets after a US-led strike on Syrian targets in response to alleged chemical weapons attacks, fuelling fresh geopolitical tensions.

However, at 10.35 am, the BSE Sensex was trading 34,142.63, 50.02 points or 0.15% lower, whereas the broader NSE Nifty was down 0.145 or 14.25 points to trade at 10,466.35.

Key equity indices Nifty50 and Sensex extended their gains for the eighth consecutive session on Monday, the longest winning streak since November 2017, buoyed by gains in the select bank, financial, FMCG, IT and auto stocks.

The broader Nifty was trading above 10,400-level at 10,467.90, down 12.70 points, or 0.12 per cent. Infosys shares fell over 4 per cent in the morning trade as investors were concerned about rising impairment losses related to its previous acquisitions.

Weibo Reverses Brief Ban on LGBT Content
Barry Jenkin's gay-themed Oscar Moonlight was similarly allowed to stream previous year on iQiyi, a local Netflix-like platform. The move sparked so much public backlash that Sina Weibo reversed its decision Monday, according to a statement posted online.

Shares of Infosys, the country's second-largest IT services company, closed 3.3 percent lower after declining as much as 6 percent. It was the top loser in the Nifty50 pack of stocks.

Other major losers were Tata Motors, Axis Bank, Tata Steel, ONGC, Reliance, and Bharti Airtel, falling by up to 2.71%.

Meanwhile, Cipla was the top gainer in the Nifty, up 2.71 per cent followed by Grasim and Lupin, which rose 2.18 per cent and 1.88 per cent respectively. Globally, in the Asian region, Japan's Nikkei moved up 0.26 per cent, while Hong Kong's Hang Seng fell 1.60 per cent and Shanghai Composite index fell 1.53 per cent.

European markets ended in the green on Friday with the FTSE closing 0.09% higher, CAC ended up 0.11% while the DAX managed to end 0.22% higher.

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