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On the first day of the new week, there was an increase in the Indian stock markets. The markets also got support from the global markets. Along with this, there was a buying position in the shares of information technology, pharmaceuticals, metal companies at home. On Monday, the BSE Sensex closed at 61,964, up 234 points. Similarly, NSE’s Nifty reached 18,314 with an improvement of 111 points.
Top Gainers (NSE)
company | Closing Price (Rs.) | increase (%) |
Adani Enterprises | 2326.10 | 18.92 |
Adani Ports | 729.70 | 6.05 |
Devi’s Laboratory | 3265.00 | 5.38 |
Apollo Hospitals | 4605.30 | 3.56 |
Tech Mahindra | 1104.45 | 3.01 |
If you look at the speed of the market during the day, there was some softening in the beginning. Later, both the indices showed improvement due to pick up in buying momentum. There was heavy buying in shares of automobile, pharma, power, metal companies. However, selling in banks and financial companies limited the rally.
Top Losers (NSE)
company | Closing Price (Rs.) | Reduce (%) |
Nestle India | 21494.80 | 0.90 |
Hero MotoCorp | 2692.15 | 0.77 |
Incher Motors | 3545.45 | 0.71 |
axis Bank | 917.55 | 0.70 |
Coal India | 238.70 | 0.50 |
Vinod Nair, head of research at Geojit Financial, said lower-level buying and demand is likely to pick up in IT stocks after poor Q4 results. Apart from this, all eyes are on whether there will be a ceiling on interest rates in America or not. There will be a meeting on this in America next Wednesday, after which the direction of the market will be decided.