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Benchmark indices continued their record run on Monday, led by gains in consumer, metal and automobile stocks. Headline index NSE Nifty closed at 20,997-level. Top gainers on the Nifty50 platform were UltraTech Cement, UPL, Adani Enterprises, Nestle India and PowerGrid while losers included Dr Reddy's, Axis Bank, Cipla, Eicher Motors and M&M.
Stocks such as HDFC Bank, Adani Ent, ICICI Bank, Dr Reddy's and Reliance Industries were most active on NSE today, in terms of value. Tata Steel, PowerGrid, BPCL, ICICI Bank and SBI were the other buzzing stocks on the platform, in terms of volume.
Shares of Tube Investments of India emerged as the top gainer in the NSE 500 index. The stock surged 9% on NSE today to settle at Rs 3,895.85.
Century Plyboards (India) shares also jumped 7.32% to close at Rs 737.15. At this price, the company commanded a market capitalisation (m-cap) of Rs 16,377.5 crore.
Shares of Indian Railway Finance Corporation (IRFC) soared 7.31% to end at Rs 82.2 today. The company's market cap came at Rs 1,07,423.1 crore.
Shares of Dixon Technologies (India) gained 6.84% today to settle at Rs 6,372.65. The company's market valuation stood at Rs 38,116.9 crore.
Shares of Dr Reddy's Laboratories fell sharply today. The stock dived 5.04% to close at Rs 5,473.5 on Monday.
Hindustan Petroleum Corporation Ltd (HPCL) shares slipped 4.41% to end the session at Rs 360.85. The company's m-cap stood at Rs 51,188.3 crore today.
Shares of Can Fin Homes were also among top losers in the NSE 500 pack today. The stock lost 4.4% to settle at Rs 755.65. The company's market cap was at Rs 10,061.8 crore.
"We are seeing consolidation in Nifty with a positive bias and it has formed an immediate support base around the 20,700-20,800 zone. Traders should continue with a 'buy on dips' approach and stay focused on stock selection. We feel positive cues from the US markets could trigger the next leg of the up move. So, keep a close watch on their performance," said Ajit Mishra, SVP - Technical Research at Religare Broking.
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