Sensex Up 147 Points In Early Trade; Nifty Nears 11,950

Indian shares opened on a strong note on Monday, mirroring firm cues from other global markets as investors cheered better-than-expected jobs data from the U.S. and some relatively positive trade-war headlines.

The benchmark S&P BSE Sensex rose 147 points, or 0.37 percent, to 40,312 in early trade, while the broader NSE Nifty index was up 58 points, or 0.49 percent, at 11,948.

Indian Overseas Bank soared 9 percent ahead of its quarterly results, due out later in the day.

Telecom stocks surged, with Bharti Airtel up 1 percent and Vodafone Idea climbing 6 percent after reports the government is considering providing relief for the debt-laden telecom sector.

Yes Bank jumped 4.4 percent after it reported net loss of Rs 600.08 crore in the second quarter ended September 2019.

Bank of India gained 1.4 percent on reports it is looking to sell 27 percent stake in Star Union Dai-ichi Life Insurance Company.

InterGlobe Aviation edged up slightly after launching a brand campaign to boost load factor at its international flights.

Maruti Suzuki slid half a percent. The country's largest car maker said it remains 'cautiously optimistic' over sales prospect going forward.

TCS and Wipro were little changed despite the buzz that they are in the fray to manage and operate IRDAI's Business Analytics Project.

Indiabulls Real Estate climbed 5 percent after selling its property in London to a promoter group firm.

BEML lost 2.7 percent as it posted Q2 loss of Rs 27.2 crore on inventory loss.

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