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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.