Key indices ended on a strong note with the Sensex and the Nifty hitting record highs in early trade, tracking stability in Asian stocks. The BSE Sensex surged to a new record high at 34352.79 up 198.94 points while the NSE Nifty crossed the 10,623.60 up 64.75 points at 10,623.60 on strong gains in pharma, IT and banking stocks amid optimism over quarterly earnings by corporates.
Shares of Coal India, Infosys, Sun Pharma, Lupin, Indiabulls HF, Tech Mahindra, BPCL and L&T stood among the top gainers in the Nifty50 index on Monday. On the other hand, shares of Bharti Airtel, ONGC, Power Grid, Tata Steel, Asian Paints and Adani Ports SEZ remained the top losers on Monday.
Except Nifty PSU Bank index, all sectoral indices closed the day in the positive zone. OBC, Indian Bank and Allahabad Bank were the only three stocks in the PSU bank index that managed to settle in the green on Monday.
Information technology stocks were mostly higher. Infosys spiked 1.97%, Tech Mahindra rose 1.42%, Tata consultancy service went up 1.06% and Wipro edged higher by 0.61%, whereas shares of Oracle Fin Services Software slipped 0.07% and HCL Technologies edged down 0.32%.
Engineering & construction equipment major Larson & Toubro rose 1.71% at Rs 1,337, with the stock hitting record high in intraday, after the company announced that its construction arm has secured orders worth Rs 2,265 crore.
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