Produced by: Prashun Talukdar Designed by: Manoj Kumar
Benchmark indices continued to decline for the second straight session on Monday, dragged by automobile, metal and consumer stocks. Headline index NSE Nifty settled below 19,700-level. Top losers on the Nifty50 platform were Adani Enterprises, Bajaj Finance, M&M, SBI Life Insurance and UltraTech Cement while gainers included Divi's Laboratories, Bharti Airtel, Wipro, HCL Technologies and Coal India.
Stocks such as HDFC Bank, Bajaj Finance, ICICI Bank, Axis Bank and State Bank of India (SBI) were most active on NSE, in terms of value. Coal India, Tata Steel and PowerGrid were the other buzzing stocks on the platform, in terms of volume.
Shares of Rajesh Exports emerged as the top laggard in the NSE 500 index. The stock dived 6.87% on NSE today to settle at Rs 351.95.
BSE Ltd shares declined 6.15% to close at Rs 2,263. At this price, the company commanded a market capitalisation (m-cap) of Rs 30,655.3 crore.
Shares of Solar Industries India slipped 5.87% to end at Rs 6,956.5 today. The company's market cap came at Rs 62,949.4 crore.
Shares of Balkrishna Industries fell 5.56% today to settle at Rs 2,496.7. The company's market valuation stood at Rs 48,265.5 crore.
Shares of Tata Investment Corporation rose sharply today. The stock jumped 15.17% to close at Rs 4,501.75 on Monday.
Latent View Analytics shares surged 9.25% to end the session at Rs 450.5. The company's m-cap stood at Rs 9,230.8 crore today.
Shares of Olectra Greentech were also among top gainers in the NSE 500 pack today. Olectra's stock gained 8.18% to settle at Rs 1,294.05. The company's market cap was at Rs 10,621.7 crore. ITI, Cyient, NCC, KPIT Technologies and Adani Wilmar were some of the other gainers.
"We are seeing a time-wise correction in Nifty so far despite the underperformance of the banking pack. We reiterate our bullish view on the index and suggest continuing with the 'buy on dips' approach. Traders should stick with the other performing sectors and utilise this phase to gradually add quality names," said Ajit Mishra, SVP - Technical Research at Religare Broking.
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