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Indian Indices: Indian equity benchmarks continued their momentum to trade near highest point of the day in late afternoon session as broadly positive global indices and a strong rupee buoyed investors' sentiments. Sentiments also remained optimistic with the report that GST Council on Saturday approved a law to compensate states for any loss of revenue from the implementation of the new national sales tax but deferred approval for enabling laws to the next meeting. The council will meet again on March 4 and 5 to approve the legally vetted draft of the supporting legislations for Central GST (C-GST) and Integrated GST (I- GST), days before the start of the second leg of the Budget Session. Besides, investors opted for bargain-hunting as well as short-covering ahead of derivatives expiry this week. On sectoral front, buying was witnessed in most of the steel sector stocks with Care Ratings report that the country's steel production and consumption is likely to remain higher in 2017-18 from 89.79 MT of crude steel during 2015-16 backed by an increase in infrastructure allocation in the Budget.

The BSE Sensex is currently closed at 28661.58, up by 192.83 points or 0.68% after trading in a range of 28419.27 and 28652.91. There were 23 stocks advancing against 7 stocks declining on the index.The broader indices were trading in green; the BSE Mid cap index was up by 0.67%, while Small cap index was up by 0.78%.

The CNX Nifty is currently shut up at 8879.20, up by 57.50 points or 0.65% after trading in a range of 8809.80 and 8863.95. There were 37 stocks advancing against 14 stocks declining on the index.

Crporate Front:

Shares of DilipBuildcon rallied over 5 per cent on the Bombay Stock Exchange after the realty major said it has received a letter of award issued by National Highways Authority of India for the Project of four laning of Tuljapur-Ausa Section of NH-361 from Km 0.000 to km 55.835 under NHDP Phase IV on Hybrid Annuity Mode in the State of Maharashtra.

Macroeconomic front:

In a bid to bring awareness among the youth regarding the growing cyber attacks and cyberbullying, Delhi-based IT risk assessment and digital security services provider Lucideus on Monday launched a first-of-its-kind cyber security course.

On the global front:

On global front, European markets were trading in green as investors eyed earnings and fresh economic data, as well as monitoring for any more details from President Donald Trump on his economic policies. Asian markets were trading mostly in green. Back home, in scrip specific development, Tata Steel traded higher on exploring possibility of entering overseas markets like Bangladesh and Myanmar with retail branded steel solution products. The company is taking this step boosted with success of its solution business in the retail segment in the domestic market.

Commodity Updates:

Top Sectoral& Stock Screening:The top gaining sectoral indices on the BSE were Metal up by 2.24%, Basic Materials up by 1.40%, Telecom up by 1.40%, Realty up by 1.36% and Utilities up by 1.24%, while there were no losing indices on BSE.

Top Nifty Movers:The top gainers on Nifty were Tata Steel up by 4.12%, Idea Cellular up by 3.35%, GAIL India up by 2.45%, BPCL up by 2.36% and Asian Paints up by 1.87%. On the flip side, Axis Bank down by 0.84%, ITC down by 0.80%, Tech Mahindra down by 0.76%, HDFC down by 0.75% and Yes Bank down by 0.61% were the top losers.

Global Signals:

Asian markets were trading mostly in green; KOSPI Index increased 3.81 points or 0.18% to 2,084.39, FTSE Bursa Malaysia KLCI increased 5.13 points or 0.3% to 1,712.81, Jakarta Composite increased 6.34 points or 0.12% to 5,357.27, Nikkei 225 increased 16.46 points or 0.09% to 19,251.08, Shanghai Composite increased 37.89 points or 1.18% to 3,239.96 and Hang Seng increased 112.34 points or 0.47% to 24,146.08. On the flip side, Taiwan Weighted decreased 26.72 points or 0.27% to 9,753.20.

All European markets were trading in green, UK’s FTSE 100 increased 12.45 points or 0.17% to 7,312.41, France’s CAC increased 28.94 points or 0.59% to 4,896.52 and Germany’s DAX increased 78.54 points or 0.67% to 11,835.56.