Driven by banking and metals stocks, Nifty closed above
11,900 levels and formed a bullish candle on the daily charts. The index
rallied 80 points higher to end at record closing high of
11,924 and is 116 points away from its life-time high of 12,041 levels. Benchmark
indices finished Monday's session at a record closing high, lifted by HDFC
twins and Larsen & Toubro. The broader Nifty50 broke past the 11,900-mark
to end the day at 11,925, up 81 points. The market breadth was tilted in favour
of buyers. About 1,331 stocks gained and 470 shares declined on the NSE. BUZZING STOCKS Manpasand Beverages shares were on
Monday locked in lower circuit, down 20 per cent at Rs 88, on the BSE, with
huge sell orders on the counter, after the company’s top management was
arrested in a Rs 40 crore Goods and Services Tax fraud case. Lupin shares
slipped 2.5 per cent to Rs 744.10 on the BSE after the US health regulator
classified the inspection of the company's Goa facility as Official Action
Indicated. Shares of Page Industries hit a 52-week low of Rs 19,730 apiece
on Monday, plunging 10 per cent on the BSE before ending the day lower at Rs
19,678.5 after the company delivered its worst-ever quarterly performance.
While the revenue grew flat, earnings declined mainly due to weak demand, high
base and intensifying competition in the March quarter earnings.
No comments:
Post a Comment