ANI
10 Jun 2019, 16:48 GMT+10
Mumbai (Maharashtra) [India], June 10 (ANI): Equity benchmark indices traded higher on Monday with decent gains in IT stocks during the last hour of the session.
The stock market opened higher and hit a fresh intraday high. However, profit booking emerged in around noon. The BSE SP Sensex finally closed 169 points higher at 39,785 while the Nifty 50 gained 52 points to settle at 11,923.
At the National Stock Exchange, sectoral indices were mixed. Nifty IT closed 1.6 per cent higher while FMCG was up 1.3 per cent. Auto, metal, pharma, and realty were also in the green.
Infosys, Tata Consultancy Services, ITC, and LT were among top contributors to the index while HDFC twins, Kotak Mahindra Bank, ONGC and Yes Bank were among the top laggards.
Among the stocks which gained were Britannia, Tech Mahindra, Tata Consultancy Services, Dr Reddy and Infosys.
However, JK Bank slumped over 12 per cent after the Jammu and Kashmir government removed Chairman Parvez Ahmad, and Anti-Corruption Bureau carried out a raid at the lender's corporate office in connection with alleged fraudulent appointments.
Shares of Suzlon Energy tumbled over ten per cent after reports that the electrical equipment manufacturer could not crack a deal with Danish Vestas Wind Energy for a stake sale.
Reliance Power closed nearly 7 per cent lower after the company reported a net loss of Rs 3,559 crore in the fourth quarter of FY19 compared to a profit after tax of Rs 189 crore in Q4FY18.
The other losers were Bharat Petroleum Corporation, Yes Bank, Coal India, GAIL and Indian Oil lost.
Meanwhile, Asian stock markets climbed on Monday after the United States dropped its threat to impose trade tariffs on Mexico in a deal to combat illegal migration from Central America.
Tokyo's Nikkei gained 1.2 per cent while shares in Hong Kong and Indonesia showed handsome gains. (ANI)Get a daily dose of Madagascar Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Madagascar Sun.
More InformationThe outbreak has killed at least 50 people, Reuters has reported A disease outbreak in northwestern Democratic Republic of the Congo...
The outbreak has killed at least 50 people, Reuters has reported A disease outbreak...
Lahore [Pakistan], February 28 (ANI): Afghanistan skipper Hashmatullah Shahidi won the toss and elected to bat first against Australia...
Karachi [Pakistan], February 28 (ANI): Ahead of their all-import clash against England at Karachi, South Africa's right-hand batter...
Corneille Nangaa, the political leader of the Congo River Alliance, a politico-military group allied with M23, speaks during a rally...
Undated file photo shows a small-scale farmer (L) at her mushroom growing tent in Lusaka, Zambia. (Xinhua/Peng Lijun) In recent years,...
WARSAW, Poland: Deputy Prime Minister Krzysztof Gawkowski confirmed over the weekend that Poland has been covering the cost of Ukraine's...
Israel sustained the West's support for its slaughter in Gaza for 15 months only through an intensive campaign of lies. It invented...
WASHINGTON, D.C.: The Pentagon announced this week that it will cut 5,400 jobs as part of President Donald Trump's plan to shrink the...
SACRAMENTO, California: California Governor Gavin Newsom is urging Congress to approve nearly US$40 billion in federal assistance to...
WASHINGTON, D.C.: A U.S. government scholarship program designed to help students from underserved and rural areas attend historically...
WASHINGTON, D.C.: A proposed 10 percent U.S. tariff on oil imports could deal a US$10 billion annual blow to foreign producers, particularly...