Closing Updates: Sensex Jumped 240 Pts, Nifty High, Finding Top stocks in Trade

Sensex jumped over 240 points while the Nifty was fails to touch 10,700 in closing trade amidst healthy buying in banking, auto and capital goods on the starting week Monday. 

The BSE Sensex hit 240.61 points to close at 35,165.48 while the NSE Nifty spiked 83.50 points at 10,688.65. The rally was driven by Sun Pharma, Coal India, Larsen and Toubro, Asian Paints, State bank of India, and Maruti by rising upto 7.11 percent. The top losers were TCS, Power Grid and Infosys. 

Shares of Piramal Enterprises Ltd rose 1.89% to Rs. 2,450 after the company posted a consolidated net profit of Rs. 3,944 crore in the Q4FY18, V/s profit of Rs. 311 crore on Year-on-Year. 

Shares of RCom (Reliance Communications Ltd) ended near 7 percent on closing, after NCLAT fixed an urgent hearing against insolvency order tomorrow, 29 May 2018 The stock ended at Rs. 15.30 apiece, up by 6.99% on NSE. 

Shares of Adani Enterpirses Ltd surged by 2.88% on NSE at Rs.128.40, after the Company announced that it has sold stake in its arm Adani Chendipada Mining.  

Meantime, Gold prices fell below the Rs 32,000-level, shedding Rs 405 to Rs 31,965 per 10 gram at the bullion market, Monday, on account of a weak trend overseas. 

The Indian currency, Rupee, was trading at Rs 67.38 against the American currency in the afternoon while Oil prices were trading at USD 75.40.