Indian shares started the first trading session of 2022 on a strong note led by financials despite fast-rising omicron cases. On Monday, Nifty50 ended at 17,626, or 1.57 percent higher and Sensex closed at 59,183, jumping 929 points or 1.6 percent. Here are key stocks that moved the most today:
Tata Motors | Shares of the automobile manufacturer settled 3 percent higher after the company reported sales numbers for December. Tata Motors posted a 50 percent jump in total passenger vehicle sales in December 2021. The company saw the highest quarterly and monthly sales in a decade in passenger vehicle space.
Fino Payments Bank | The Reserve Bank of India has approved cross border remittance through money transfer service scheme for Fino Payments Bank. This led the stock to close 3 percent higher.
Federal Bank | The stock ended 5.12 percent higher after the lender posted a business update. As of December end, Federal Bank's total deposits grew 9 percent YoY and gross advances rose 5 percent YoY.
Eicher Motors | The stock closed 4.65 percent higher after the company reported a 7 percent on-year rise in motorcycle sales for December.
Coal India | Shares of the coal major ended 6.37 percent higher after the company reported a 3 percent on-year rise in coal production for December while offtake jumped nearly 16 percent.
Rajesh Exports | The stock was the best performer on Nifty500 and closed 13.91 percent higher.