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Live stock market updates: Sensex jumps 700 pts and Nifty nears 18,000 boosted by financial and IT stocks

Live Stock Market Updates: India’s BSE Sensex and NSE Nifty50 equity benchmarks held on to early gains after early gaps on the first trading day of the week amid strong global signals. Gains in financial and IT stocks drove major indices higher. Investors are awaiting more financial results from India Inc for national indices, with Bharti Airtel, Larsen & Toubro and Tata Steel due to report earnings later in the day. Indian Oil, Dr Reddy’s and Tata Power reported earnings over the weekend. Globally, all eyes will be on the outcome of the Fed’s two-day policy review, following which the US central bank is expected to announce a key interest rate hike.

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