Indian share markets ended higher on Monday, taking cues from its Asian peers. The S&P BSE Sensex ended at 34,300, up 294 points while the broader Nifty index settled at 10,539, up 84 points.

Gains were largely seen in realty stocks, capital goods’ stocks and power stocks.

Top Stocks in Focus

Lupin share price will be focus as it has received tentative approval for its Hydrocortisone Butyrate Lotion, 0.1% from the United States Food and Drug Administration (USFDA) to market a generic version of Precision Dermatology, Inc.’s Locoid Lotion, 0.1%.

Bharti Airtel share price will hog limelight today as it has entered into a strategic partnership to bring exciting digital content from Hotstar’s portfolio to Airtel customers.

Yes Bank has inked a Memorandum of Understanding (MoU) with Assam Rifles to provide the customized banking solution, to officers of the force and their family members. The Bank will offer its special banking programme, ‘Yes Vijay’ to Officers, Junior Commissioner Officer (JCOs) and Jawans of Assam Rifles.

Larsen & Toubro’s (L&T) arm – L&T Hydrocarbon Engineering (LTHE) –  has signed a major field development EPC contract with Al Dhafra Petroleum Operations Company, Abu Dhabi, UAE, with a value in excess of Rs 22 billion. The stock will be in focus.

Idea Cellular’s board has allotted 326.6 million Equity Shares of face value of Rs 10 each on preferential basis to Birla TMT Holdings, Elaine Investments, Singapore and Oriana Investments, Singapore, forming part of the promoter group, at an issue price of Rs 99.5 per share including a premium of Rs 89.5 per share, aggregating to around Rs 32.5 billion.

Global Stock Market Drivers

European stocks rallied on Monday, starting trading on a firmer note after the worst weekly sell-off in two years shattered an extended period of low volatility and raised investor fears of an end to a bull-run in equities.

The global sell-off has been blamed on an unwinding of trades betting on low volatility and concerns over a return to inflation, lifting sovereign bond yields, at a time when central banks are removing the safety net of ultra-loose monetary policy.