Indian Equities End Higher on Monday, Aided by Banking Stocks
Indian indices settled with slight gains on Monday, helped mainly by buying in banking stocks.
Both BSE Sensex and NSE Nifty 50 were trying to stabilize amid uncertainty over rate cuts in the US.
At close, the Sensex rose 375.61 points, or, 0.5%, to 81,559.54, while the Nifty 50 climbed 84.25 points, or 0.3%, to 24,936.40.
Hindustan Unilever (NSE:HINDUNILVR, BOM:500696) emerged as the topped gainer, with shares jumping 3%, followed by Shriram Finance (NSE:SHRIRAMFIN, BOM:511218) and ICICI Bank (NSE:ICICIBANK, BOM:532174).
Conversely, Oil & Natural Gas Corporation (NSE:ONGC, BOM:500312), Tech Mahindra (NSE:TECHM, BOM:532755) and Hindalco Industries (NSE:HINDALCO, BOM:500440) were the top losers.
In corporate news, Suzlon Energy (NSE:SUZLON, BOM:532667) has bagged wind energy order from NTPC Green Energy, the renewables arm of state-owned power producer NTPC for 1,166 MW capacity in Gujarat, India, according to a Monday filing with the stock exchanges.
Meanwhile, Royal Orchid Hotels (NSE:ROHLTD, BOM:532699) has opened a new 51-room hotel named Regenta Resort and Spa at Chitwan in Nepal, according to a Monday filing with the bourses.
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