Nifty halts 6-day losing streak: Top gainers and losers from Monday's session

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What happened in the markets yesterday?

Indian markets ended a volatile session in the green on Monday, helped by a rebound in financial and IT shares. Nifty closed 0.37% higher to reclaim 15,350. Losses in oil & gas and metal shares limited the gains in the index. Nifty Midcap 100 and Nifty Smallcap 100 indices fell 2.3 percent and 3.2 percent respectively, hitting one-year lows.

Why did it happen?

The market trended higher on the back of positive global trends. Optimism in key European indices led to a relief rally in IT, finance and healthcare stocks. FMCG stocks jumped as sentiment got a boost due to the upcoming monsoon season and price hikes by major players. However, oil and gas and metal stocks extend losses amid slowdown fears and demand concerns.  This limited the upside.

Highlights from yesterday’s trade

Pidilite jumped 5%: Pidilite jumped following the fall in oil prices, stock pared all the losses of the last 1-week.

HDFC rallied 4%: HDFC witnessed short-covering after touching 1-year low, strong loan growth expectations in the June quarter over improving real-estate sector.

Hindustan Unilever gained 4%: HUL jumped sharply over the price-hike of various products, rally in consumer goods stocks over monsoon picking-up pace.

Dabur spiked 4%: Dabur rallied following the gains in the consumer goods stocks over solid progress of monsoon.

Wipro shot up 3%: Wipro jumped over the news of the appointment of Doug Hanson as Chief Executive Officer (CEO) of Topcoder subsidiary.

Asian Paints surged 3%: Asian Paints jumped following the fall in oil prices, stock paired with all the losses of the last 1-week.

Paytm rose 1%: Paytm extended gains post news around founder buying stocks from open markets.

Reliance fell 2%: Reliance fell post investors pushback to JP Morgan over positive rating, news around revlon acquisition.

Coal India fell 3%:Coal India fell over news around coal imports and rising input cost.

IRCTC Fell 3%: IRCTC fell amid cancellation and damage done to various trains due to Agneepath Scheme protests all over India.

Tata Steel Down 5%: Tata Steel fell amid bearish sentiments around metal stocks post negative future outlook.

ONGC Declined 5%: ONGC fell amid a sharp decline in crude oil prices globally.

Adani Power Slipped 4%: Adani Power extended decline amid bearish calls from technical analysts and negative sentiments in power stocks.

Adani Wilmar Down 5%: Adani Wilmar fell as it slashed the prices of its edible oils following the government's move to reduce import duties.

GAIL Plunged 5%: GAIL declined post significant fall in oil and gas prices globally.

National Aluminum Declined 7%: National Aluminum extended decline post negative future outlook for metal stocks.

Tata Power Down 7%: Tata Power fell significantly over news of importing coal worth Rs 12,000 cr from Indonesian miner in the current financial year.

Suzlon Plunged 7%: Suzlon extended decline post SBI-led consortium sale of loans to Rural Electrification Board.

Tata Elxsi Down 3%: Tata Elxsi extended decline after recent rally following new collaborations and positive analysts' calls.

Reliance Power Fell 9%: Stock slipped as negative sentiments seen in power stocks, down 10% in last 1-month

Vedanta Crashed 12%: Vedanta slumped after the company expressed interest to sell its Tuticorin based smelter plant.

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