Tata Motors, Paytm soar up to 6%; Nifty zooms 1%; check top gainers and losers
Share Market Today In India
Indian stocks extended their rally to the fourth day on Monday, kicking off August on a positive note. Led by a spike in automobile stocks, the Nifty 50 index rose 1% to 17,340 while the BSE Sensex climbed 545 points to 58,115 with both indices rising to 3-month highs.
Top Gainers and Losers in the Indian Stock Market Today
Tata Motors up 7%: Tata Motors share price soared 7% after the automaker reported a 51% jump in sales in July.
PNB rallied 6%: PNB shares jumped 6% after RBI approval to invest Rs 500 cr in PNB Housing Finance Rights issue.
Paytm up 6%: Paytm climbed 6% after global brokerage firm Goldman Sachs retained a Buy rating on the stock with a target price of Rs 1,050.
Adani Wilmar ended 5% higher: Adani Wilmar jumped 5% ahead of the company's Q1 earnings scheduled to be reported today.
Suzlon jumped 5%: Suzlon shares extended gains along with other power stocks over anticipation of a jump in demand for power.
Reliance Power closed 4% higher: Reliance Power share price jumped sharpy along with other power stock amid positivity in the broader markets.
Ashok Leyland gained 3%: Ashok Leyland share price rallied after the company reported profit of Rs 68 cr in Apr-Jun 22 as opposed to a loss of Rs 282 cr in the year-ago period.
Yes Bank up 3%: Yes Bank share price jumped 6% on reports that PE firms Carlyle, Advent International will infuse $1.1 billion.
CDSL jumped 3%: CDSL share price gained 3% after the company reported a 22% rise in quarterly profit in Apr-Jun 22 period.
ONGC rallied 3%: ONGC shares extended gains after the company's mega investments into green energy.
Bharti Airtel gained 3%: Bhart Airtel share price jumped ahead of record date for the payment of final dividend. The company had declared a final dividend of Rs 3 per share.
Adani Power up 2%: Adani Power shares closed 2% higher amid a rally in power stocks in anticipation of higher demand.
Wipro jumped 2%: Wipro share price extended gains post announcing a deal with Nokia to expand global business services.
ITC closed 2% higher: ITC share price rallied ahead of its Apr-Jun 22 earnings scheduled to be reported today. Analysts expect a 32% yearly jump in net profit.
Bajaj Finance up 1%: Bajaj Finance share price extended gains after the company reported stellar Apr-Jun 22 earnings. The shares have rallied over 16% in the last one week.
Coal India jumped 1%: Coal India share price jumped sharply amid the positivity in energy share over jump in power demand.
What happened in the Indian stock market today?
Markets ended higher with Nifty and Sensex up 1% each.
Any important macro update?
GST collection rose to Rs 1.49 lakh crore in July, 2nd-highest amount collected, up 28% on-year.
What happened to various sectors?
All sectoral indices ended flat to positive with Nifty Auto up 3%.
Which were the top Nifty gainers and losers?
Tata Motors, Mahindra, Adani ports gained while Sun Pharma, HDFC Life, HUL fell.