Indian equity indices ended at record closing highs on Monday, sustaining opening gains through the day on the back of sustained buying in capital goods, industrials, banks and index heavyweight stocks Reliance Industries and HDFC twins.
The Sensex settled 330 points higher or 0.87 percent, to close at 38,279, while the Nifty 50 ended at above 11,550, closing at 11,552, higher by 81 points or 0.71 percent.
L&T ended over 6.5 percent higher, well-supported by Tata Motors, ONGC, Tata Steel, Vedanta, Reliance Industries, HDFC twins and others.
Infosys and ICICI Bank were the top drag on indexes. The BSE MidCap surged over a percent at close, while the Nifty MidCap ended higher by 0.80 percent. The Nifty Bank also gained over half a percent to close at 28,274.
Here's a list of stocks that trended among the most in the market today: L&T: Larsen & Toubro Ltd’s shares rose as much as 6.35 percent in biggest daily percent gain since October 2017 after the company said on Saturday that it will consider share buyback proposal. Shares ended higher by 6.68 percent on the BSE at Rs 1,323.05. Infosys: Shares of India’s second largest software services exporter ended at Rs 1,388.20. Intraday, it fell as much as 3.97 percent to Rs 1,373.5 in biggest percent loss since July 5, after the board accepted resignation of chief financial officer (CFO) M.D. Ranganath on Saturday. Reliance Industries: Shares ended at Rs 1,235.15, surging by 2.61 percent, before hitting a lifetime high of Rs 1,236.80 on the NSE on reports that Chinese ecommerce giant Alibaba is in talks for a joint venture with the company's retail arm, Reliance Retail. So far this year, RIL shares have gained 33 percent. M&M: Shares ended at Rs 969.55, rising by 0.84 percent on the NSE. Intraday, it touched a 52-week high of Rs 982.25. Tata Motors: Shares closed at Rs 270.55, gaining by 4.76 percent on the NSE. The scrip was leading on the Nifty Auto, which ended higher by 1.10 percent. Vedanta: Shares closed at Rs 221.80, rising 3.16 percent after the National Green Tribunal (NGT) allows Vedanta access to Tuticorin facility for administrative tasks. The tribunal forms judicial committee to hear all sides and directed the judicial committee to submit report within eight weeks. Mangalore Chemicals and Fertilizers: Shares closed at Rs 59.70, higher by 7.86 percent on the BSE. It rose 17 percent intraday to hit a one-month high of Rs 64.90 as the company has received clearance from the ministry of environment, forest and climate change for expansion and modernisation of its fertiliser units. Sequent Scientific: Shares rose 13.98 percent to end at Rs 55.05 on the BSE. Intraday, the scrip has ranged between a high and a low of Rs 57.55 and Rs 48.30, respectively. Tata Steel: Shares rose 3.24 percent to close at Rs 599.40 after reports that the Tata Group company has lowered its bid for Bhushan Power & Steel to Rs 21,000 crore from Rs 24,000 crore. Navneet Education: Shares ended at Rs 127.45, higher by 2.91 percent on the BSE. Intraday, it rose six percent after announcing that it would be buying back 46.87 lakh shares, representing two percent of the total number of equity shares at a price of Rs 160. The total buyback amount is seen at Rs 75 crore.
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