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Stock market highlights: Sensex pares gains from highs; Nifty ends near 11,650; Tata Motors jumps 7%

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Share market highlights: The Sensex pared gains in the late afternoon on Monday, after surging to record highs in the morning. The Sensex closed 278 points below its intra-day high of 39,115.57, while the Nifty closed near the 11,650-mark. Earlier, the Nifty surged past 11,700-mark for the first time since September 3, 2018. Meanwhile, India’s first REIT–Embassy Office Parks shares closed 4.45% higher at Rs 313.35 on its listing day. Tata Motors shares gained by more than 7.5% to Rs 187.30 on NSE.

Asian stocks rose on Monday, as signs of progress in U.S.-China trade talks and firmer Wall Street shares supported sentiment, although another defeat for British Prime Minister Theresa May s proposed Brexit deal added to the pound s recent woes. The markets also took heart after data released on Sunday showed factory activity in China unexpectedly grew for the first time in four months in March, suggesting government stimulus measures may be starting to have an impact. We bring to you highlights.