After opening flat, domestic equities soared higher on Monday, led by gains in Reliance, TCS, HDFC Bank, and Infosys. BSE benchmark Sensex ended 367.47 points, or 0.56 per cent higher at 66,527.67, while broader NSE Nifty50 gained 107.75 points, or 0.55 per cent to close the session at 19,753.80.
Shares of NTPC climbed around 4 per cent to reach its 52-week high level after the company posted over a 23 per cent rise in its consolidated net profit in Q1FY24 at Rs 4,907.13 crore. The stock closed at Rs 217.30 on BSE.
Jet Airways climbed 5 per cent to hit the upper price band of Rs 50.80 on BSE after DGCA revived its operator certificate.
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Adani Green jumped 0.12 per cent to close at Rs 1093.10 on BSE after the company’s net profit jumped 51 per cent to Rs 323 crore.
All broader market indices closed in green, as Nifty Midcap Select gained 1.52 per cent, Nifty Microcap 250 jumped 1.68 per cent, Nifty Smallcap 50 climbed 1.19 per cent, Nifty Smallcap 250 rose 1.03 per cent, and Nifty Midsmallcap 400 rose 0.85 per cent.
Sectorally, only FMCG and healthcare indices closed in red, as Nifty Metal gained 1.77 per cent, the IT index jumped 1.49 per cent, the oil & gas index climbed 1.03 per cent, and Nifty Auto gained 1.10 per cent.
NTPC, PowerGrid, ONGC, Adani Ports, Tech Mahindra, Hindalco, Tata Steel, TCS, Wipro, Maruti Suzuki, Tata Motors, JSW Steel, Grasim, Dr Reddy, L&T, and Grasim were the top gainers in Nifty50 index.
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Meanwhile, Apollo Hospital, Britannia, HDFC Life, Bajaj Finance, Kotak Mahindra Bank, Divis Lab, Hindustan Unilever, and ITC were the top losers in today’s session.