Sensex rises 42 points; HDFC, Axis bank among top gainers

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Market benchmark BSE Sensex rose over 42 points on Monday to close at 40,487.43, driven by buying in select bank and auto counters.

After opening on a weak note, the 30-share BSE Sensex stabilised in afternoon trade and settled with gains of 42.28 points or 0.10% at 40,487.43. The index swung between a high of 40,645.63 and a low of 40,336.56 during the day.

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The 50-scrip NSE Nifty closed 16 points or 0.13% higher at 11,937.50.

Among the Sensex stocks, HDFC emerged as the top gainer, rising by 2.06%, followed by Axis Bank, Maruti, Reliance, Power Grid and Tata Steel.

On the other hand, TCS, HCL Tech, L&T, IndusInd Bank, Tech Mahindra, SBI and ITC lost up to 2.93%.

Sectorally, BSE Energy index rose the most by 1.06%, followed by oil & gas and auto.

Brent futures, the global oil benchmark, fell 0.81% to USD 63.87 per barrel.

Asian stocks were mixed as investors turned more cautious over US-China trade deal uncertainty amid strong US jobs data and weak Chinese exports numbers.

(With Agency Inputs)

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