Sensex, Nifty Trim Worst Monthly Loss Since 2016

Indian equity benchmarks advanced with the benchmarks trimming its biggest monthly loss in 15 months led by private sector lenders and car makers.

The S&P BSE Sensex rose 304 points or 0.89 percent to 34,335.75 and the NSE Nifty 50 Index climbed 0.87 percent or 92 points to 10,583.

Sixteen out of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Realty Index's 3.3 percent gain. On the other hand, the S&P BSE IT Index was the sectoral loser, down 1.1 percent.

Gains were broad-based as the S&P BSE MidCap Index advanced 0.7 percent and the S&P BSE SmallCap Index rose 0.9 percent.

Shares of the Anil Ambani-led company rose as much as 3.8 percent to Rs 472.20 after it won arbitration award against the Goa government.

Reliance Infra will get Rs 292 crore from the Goa government by April 2018. The company's claim was against prolonged non-payment by the Goa government towards supply of electricity from its 48-megawatt Goa power plant.

India's largest mortgage lender Housing Development Finance Corporation Ltd. is set to sell shares to institutional investors to raise about Rs 1,900 crore as part of its Rs 13,000-crore plan to mop up funds to invest in its banking and other subsidiaries.

The housing finance company will launch a qualified institutional placement this week, two people privy to the proposed transaction told BloombergQuint on condition of anonymity. The demand and initial feedback from large marquee investors is quite strong, one of them said.

Shares of HDFC were trading 1 percent higher at Rs 1,844.

• Shares of the Anil Ambani-led company rose as much as 8.5 percent to Rs 29.90 after 20 lakh shares changed hands in a block deal.

Buyers and sellers were not immediately known

Source: Bloomberg

European stocks start the week with a broad advance across the board, with miners and energy shares leading gains.