Benchmarks indices traded higher in early deals on Monday, taking cues from the global markets. Sensex rose 487 points or 0.78% to 62,988, while the broader NSE Nifty gained 117 points or 0.63% to 18,616. Mid- and small-cap shares were positive as Nifty Midcap 100 gained 0.23% and the small-cap 100 was up 0.39%
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “The ‘in principle’ deal on US debt ceiling is a near-term relief to stock markets and, therefore, can aid continuation of the ongoing rally which can take Nifty to new record highs. IT large-caps have been witnessing value-buying and there is some more room for up moves in this segment. Financials and autos are on a strong wicket.”
Shares of IRB Infrastructure Developers Ltd are trading ex-dividend today with an interim dividend of Rs 0.075 per share. IRB Infrastructure stock was trading flat in early trade. The stock gained 0.25% to Rs 27.62 against the previous close of Rs 27.55 on BSE. The stock has been gaining for the last three days
Shares of the Adani Group firm are trading lower today ahead of Q4 and annual earnings. The stock slipped 1.06% to Rs 841.80 against the previous close of Rs 27.55 on BSE. Market cap of the firm fell to Rs 93,907 crore
Indian Railway Catering and Tourism Corporation (IRCTC), the tourism and ticketing arm of Indian Railways, will report its March quarter and annual results today. The stock gained 2.37% to Rs 639.15 against the previous close of Rs 624.35 on BSE. It opened higher at Rs 626.05 on BSE
Sun Pharmaceuticals shares were the top Sensex losers today after the firm reported a consolidated net profit of Rs 1,984.47 crore for the March quarter. The stock fell 2.46% to Rs 946.8 on BSE today
Shares of Brightcom Group were stuck in the upper circuit of 5% today, a day ahead of the firm’s Q4 and annual earnings to be announced on May 30. Shares of Brightcom Group gained 5% to Rs 16.97 against the previous close of Rs 16.17 on BSE. It opened higher at Rs 16.83 on BSE
Shares of DB Realty rose 13% to Rs 87 today, a day ahead of the firm’s Q4 and annual earnings to be announced on May 30. They opened higher at Rs 76.97 on BSE
Shares of Reliance Industries (RIL) gained 0.59% to Rs 2,521.45 amid high turnover on BSE. The firm saw 1.10 lakh shares changing hands within the first hour of Monday’s trade, amounting to a turnover of Rs 25.32 crore
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