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Benchmark
indices traded in the positive territory. In the broader
market, the S&P BSE MidCap index was trading 87 points higher at 15,513,
while the S&P BSE SmallCap index was ruling at 15,139, up 117points, or
0.78 per cent.The rupee opened 10 paise higher
at 69.07 against the US dollar on Monday.
BUZZING STOCKSShares of Infosys dipped 5 per cent to Rs 714 on the BSE in early
morning deal after the company reported a
lower-than-expected margin for the March 2019 quarter at 21.5 per
cent. PC Jeweller shares rallied 14 per cent to Rs 128 in
intraday trade on Monday, extending its Friday’s 17 per cent surge on the National
Stock Exchange after foreign portfolio
investor bought more than 2 per cent in
the company through the open market. The stock was trading at its highest level
since July 13, 2018.
Shares of SpiceJet
advanced as much as 7.82 per cent in the morning trade on Monday after the air
carrier announced it will launch a slew of new international flights from
Mumbai.
The BJP and Congress released their manifestos ahead of the 2019 Lok Sabha
elections that lacked major economic or policy reforms. This led stocks to
cool off after trading at all-time highs in the first week of April. FIIs
remained net buyers of Indian equities this past week having pumped in over Rs
12,292 crores this month.
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