As Sensex gains 611 points, investor wealth surges by Rs 1.78 trn

Sensex up over 250 points Nifty above 10,300-mark

After opening on a strong footing, the Sensex gained 610.80 points (1.83%) to close at 33,917.

Fed indicators: Headline inflation will be out on Tuesday followed by Wednesday's retail sales numbers which could provide more insight into the strength of USA growth. This is the biggest single-day gain since March 2016. The 50-share Nifty was trading 102.80 points or 1.01% higher at 10,329.65.

The US data showed nonfarm payrolls jumped by 313,000 jobs last month, but annual growth in average hourly earnings slowed to 2.6% after a spike in January.

Eagles reportedly trade WR Torrey Smith to Panthers for CB Daryl Worley
Cornerback Daryl Worley is headed back to Philly in a deal that can't be officially consummated until March 14. The Eagles will exercise the 2018 option on Smith before dealing him to Carolina, according to the source.

In the Asian region, Hong Kong's Hang Seng was up 1.68 per cent and Shanghai Composite Index rose 0.75 per cent, while Japan Nikkei edged higher by 1.72 per cent in early trade.

"Global stocks gained as worldwide trade war concerns waned and were replaced by economic optimism following a stronger USA jobs report", said Karthikraj Lakshmanan, senior fund manager at BNP Paribas Mutual Fund. "Good jobs data and subsequent rise in U.S. equities on Friday has revived risk appetite, with index heavy weights among the top gainers. State-owned banks and midcaps were reluctant though, and markets look forward to CPI-WPI figures to get further boost", said an analyst.

Short-covering during the later part of the day also helped stocks as investors were seen buying metal, oil & gas, FMCG, banking, power, infrastructure, IT, auto and capital goods stocks.

Rory Best says Ireland must be 'bigger and stronger' against Scotland
When playing Ireland or South Africa, Barclays says Scotland's physio has to order in extra ice bags, because he gets through more to nurse injuries when playing them, as opposed to any other nation.

Firm trend in other Asian markets and higher opening in European bourses, following a good show by Wall Street on Friday, lifted investors' mood in domestic markets.

Market participants will keep a close eye on domestic macro-economic data releases.

Tiger Woods' Comeback Could Have Been Derailed By Incredible Tree Shot
"I thought it was great, " Woods said ahead of his first round in the Valspar Championshipon Thursday , as quoted on ESPN . Walker (69) and past Innisbrook champion Luke Donald (70) managed to go bogey-free, a rarity on a day like this.

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