BSE Sensex rises over 200 points, while the Nifty 50 trades above 10,670. Here are the latest updates from the markets

benchmark indices BSE Sensex and NSE’s Nifty 50 traded higher for a third straight day on Monday, tacking gains in Asian currencies. Asian stocks and US share futures gained on signs the US and North Korea were still working towards holding a summit. The rupee strengthened for the third session to a two-week high against US dollar after crude oil prices posted its biggest drop in about a year and the US-Korea summit appears to be back on track.

10.50 am IST
Market update: Sensex, Nifty extend gains
BSE Sensex traded higher by 223.43 points, or 0.64%, to 35,148.30, while the Nifty 50 rose 74.10 points, or 0.70%, to 10,679.25. Sixteen out of 19 sectoral indices on BSE traded higher led by healthcare, which was up 2.35%, oil and gas 2.03%, realty 1.23% and capital goods 1.40%. IT, teck and consumer durables fell 1.52%, 1.21% and 0.34%, respectively.
BSE Midcap and SmallCap were up 1.03% and 1.22%, respectively. Sun Pharma, Coal India, Asian Paints and Maruti Suzuki were among the top gainers, whereas TCS, Infosys, ONGC and IndusInd Bank were major losers.

India’s correlation with global markets approaches 10-year low
A shrinking correlation between financial markets in India and those in the rest of the world is one reason to buy its assets. The weighted average correlation of India’s currency, bonds and stocks with those in other global economies fell to 0.32 last month, approaching a more than 10-year low of 0.29 set in November.

source: livemint.com