Live Indian Intraday Market News By CapitalHeight

• The market rebounded on Monday after losing more than 6 percent in previous week. The 30-share BSE Sensex surged 296.17 points or 1.29 percent to 23282.29 and the 50-share NSE Nifty climbed 97.65 points or 1.40 percent to 7078.60.
• Bank of Baroda shot up 15.47 percent despite posting loss in Q3 due to higher provisions. Vedanta, Tata Steel, Adani Ports, PNB, Axis Bank, Hindalco and SBI gained 3-7 percent.
• The Indian rupee has opened marginally higher at 68.19 a dollar today against Friday's close of 68.23 a dollar.
• The mid-point of India’s historical trading band (12.5-16.5 times 12-month rolling-forward price earning multiple) may be a good place for the market to find some footing, says Sanjeev Prasad, Senior Executive Director & Co Head (Strategy), Kotak Institutional Equities, in a note to clients.
• Asian markets barring China traded higher. Nikkei surged over 5 percent and Hang Seng rose nearly 3 percent, tracking positive close on Wall Street. Shanghai fell 1.6 percent.
• Asian shares bounced on Monday, though investors feared fireworks as Chinese markets reopen after the holidays to find there had been a major reversal in the U.S. dollar and a worldwide rout in equities.
• Tata Steel, Adani Ports, Hindalco, Axis Bank and L&T are top gainers while BHEL and Bharti Airtel are losers in the Sensex.
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