The market, which opened positive today, pared most of its earlier gains and come off from its day’s high due to some profit booking.

Metal, realty, consumer durables stocks saw heavy buying interest in today’s session.

BSE Midcap and Smallcap index gained 2.93% and 2.67% respectively.

At 12.59 p.m., the 30-share index Sensex stood at 9.813.00, up 122.93 points, after hitting an intraday high of 9,948.33 and an intraday low of 9,802.39.

Tokyo - Stocks in Tokyo surged Monday on speculation that US automakers would receive a government bail-out and the rise of the dollar against the yen.

The developments outweighed the biggest drop in business confidence among Japan's largest manufacturers in 34 years because analysts said the drop was expected and the market had already factored it in.

The benchmark Nikkei 225 Stock Average gained 428.79 points, or 5.21 per cent, to close at 8,664.66.

The broader Topix index of all first-section issues also was up 33.56 points, or 4.13 per cent, at 846.93.

As expected, Indian stock markets opened positive on Monday. Asian markets were trading positive as well.

Asian Markets were trading positive during early trading session on Monday. US stock markets ended the week in positive. Indian Markets are expected to open slightly higher than Friday’s close.

Tokyo - Stocks in Tokyo surged in Monday morning trading on speculation that US automakers would receive a government bail-out and on the rise of the dollar against the yen.

The developments outweighed the biggest drop in business confidence among Japan's largest manufacturers in 34 years because analysts said the drop was expected and the market had already factored it in.

The benchmark Nikkei 225 Stock Average gained 390.13 points, or 4.74 per cent, to trade at 8,626.

The Securities and Exchange Board of India (SEBI) is thinking of further tightening the norms related to Fixed Maturity Plans (FMPs). The Mutual Fund Advisory committee of SEBI discussed the matter on Friday, to amend norms of asset-liability. The board discussed the compulsory alignment of portfolio with scheme tenure, accountability of trustees and segregation of funds for corporate and retail investors. The regulator has the opinion that amendment in norms is necessary in the wake of the ongoing recessionary waves. However, investors can lose interest in case of further tightening of norms. Investors believe that tax advantage can make FMPs more profitable.