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?

  • Any important macro update?

  • What happened to various sectors?

  • Which were the top Nifty gainers and losers?