Nifty soars 0.9% to end above 15,800; check top gainers and losers
Share Market Today In India
Nifty started off the week on a strong note on Monday amid buying across sectors, tracking a rebound across global markets as easing commodity rates boosted sentiments. Financial, IT, oil & gas and auto shares were the biggest gainers. Nifty closed the session 15,832.05.
Top Gainers and Losers in the Indian Stock Market Today
Paytm jumped 9%: Paytm extended rally amid favourable analyst call from foreign brokerages, jump in loan disbursals.
IDFC First Bank gained 4%: IDFC First Bank jumped amid a rally in bank stocks following recent underperformance. Stock is down 12% in the last month.
NMDC up 3%: NMDC rose 3% after the company said that the Chhattisgarh steel plant will be operational by September.
ONGC gained 3%: ONGC jumped 3% after reports that the company's overseas arm has made an oil discovery in a block in Colombia.
Coal India up 3%: Coal India gained 3% as easing covid curbs in China lifted sentiments for commodities.
Adani Power gained 3%: Adani Power extended rally from the previous week after the company completed the acquisition of 100% equities in SPPL and EREPL for about Rs 609 crore.
Vedanta gained 3%: Vedanta jumped 3% as easing covid curbs in China lifted sentiments for metal stocks.
HCL Tech closed 3% up: HCL Tech jumped 3% after Motilal Oswal maintained its positive stance on the IT sector on the back of sustained growth with stable margins.
BPCL up 3%: BPCL gained 3% as falling inflation expectations and easing of COVID-19 restrictions in China boosted sentiments.
IRCTC up 3%: IRCTC recovered amid positive sentiments in the market after a 12% fall over the last month due to disruptions caused by Agnipath scheme protests.
Tech Mahindra jumped 2%: Tech Mahindra ended 2% higher amid a rebound in IT stocks as analysts noted that tapering of inflation expectations in the US will be a key positive for the IT sector.
Adani Wilmar jumped 2%: Adani Wilmar shares extended rally after IIFL Securities noted that the company would get a large cap tag in AMFI's next review.
Federal Bank up 2%: Federal Bank shares jumped as analysts noted that the banking sector will benefit from a rising interest rate environment.
KPIT Tech jumped 1%: KPIT Tech shares jumped 1% amid rebound in the IT sector following recent plunge due to recession fears.
National Aluminum up 2%: Nalco closed 2% higher amid a rally in metal stocks on the back of easing Covid curbs in China.
Dabur gained 1%: Dabur shares trended higher amid buying in FMCG stocks as investors monitored positive news around monsoon and price hikes.
HUL gained 1%: HUL shares extend gains as investors monitored positive news around monsoon and price hikes.
Zomato down 7%: Zomato ended 7% lower after the company announced the acquisition of Blinkit in a share-swap deal for Rs 4,447 cr.
What happened in markets today?
Markets ended higher with Nifty and Sensex up more than 0.8% each.
What led to the movement?
Markets rose on the back of value buying, positive global cues and sliding oil prices.
Which were the top sectoral gainers?
All sectoral indices ended in green with Nifty IT up more than 2%.
Which were the trending Nifty stocks?
ONGC, Coal India, HCL Tech gained while Eicher Motors, HDFC Life, Reliance fell.