ANI
10 Jun 2019, 16:48 GMT+10
Mumbai (Maharashtra) [India], June 10 (ANI): Equity benchmark indices traded higher on Monday with decent gains in IT stocks during the last hour of the session.
The stock market opened higher and hit a fresh intraday high. However, profit booking emerged in around noon. The BSE SP Sensex finally closed 169 points higher at 39,785 while the Nifty 50 gained 52 points to settle at 11,923.
At the National Stock Exchange, sectoral indices were mixed. Nifty IT closed 1.6 per cent higher while FMCG was up 1.3 per cent. Auto, metal, pharma, and realty were also in the green.
Infosys, Tata Consultancy Services, ITC, and LT were among top contributors to the index while HDFC twins, Kotak Mahindra Bank, ONGC and Yes Bank were among the top laggards.
Among the stocks which gained were Britannia, Tech Mahindra, Tata Consultancy Services, Dr Reddy and Infosys.
However, JK Bank slumped over 12 per cent after the Jammu and Kashmir government removed Chairman Parvez Ahmad, and Anti-Corruption Bureau carried out a raid at the lender's corporate office in connection with alleged fraudulent appointments.
Shares of Suzlon Energy tumbled over ten per cent after reports that the electrical equipment manufacturer could not crack a deal with Danish Vestas Wind Energy for a stake sale.
Reliance Power closed nearly 7 per cent lower after the company reported a net loss of Rs 3,559 crore in the fourth quarter of FY19 compared to a profit after tax of Rs 189 crore in Q4FY18.
The other losers were Bharat Petroleum Corporation, Yes Bank, Coal India, GAIL and Indian Oil lost.
Meanwhile, Asian stock markets climbed on Monday after the United States dropped its threat to impose trade tariffs on Mexico in a deal to combat illegal migration from Central America.
Tokyo's Nikkei gained 1.2 per cent while shares in Hong Kong and Indonesia showed handsome gains. (ANI)Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationWASHINGTON, D.C.: Commerce Secretary Howard Lutnick said the Trump administration is asking companies and foreign governments to help...
Israel Air Force pilots have bombed a funeral in northern Gaza, killing more than a dozen mourners. Family and friends of Dr Wasim...
NEW YORK CITY, New York: A Delta Air Lines plane's wing hit the runway at LaGuardia Airport during a rough landing over the weekend....
AUSTIN/SANTA FE: Measles cases in Texas and New Mexico increased to 317 on March 18, up from 294 four days earlier, as the U.S. faces...
WASHINGTON, D.C.: The Trump administration is considering strict new travel restrictions for citizens of dozens of countries, according...
WASHINGTON, D.C.: The Trump administration announced this week that Maine's education officials violated federal law by allowing transgender...
Elon Musk's Teslas' are in the running to take over the transport of Israel's government officials. Musk's company, Tesla Inc., has...
WASHINGTON, D.C.: President Donald Trump has reversed a Biden-era executive order requiring businesses with federal contracts to pay...
WASHINGTON, D.C.: The U.S. Department of Education is investigating 45 universities for possible violations of civil rights laws. ...
(Photo credit: Rick Scuteri-Imagn Images) Jacob Wilson collected three of the Athletics' 16 hits as the A's routed a Kansas City...
(Photo credit: Jayne Kamin-Oncea-Imagn Images) The injury-ridden Los Angeles Lakers will look to get back to their winning ways against...
(Photo credit: Jonathan Hui-Imagn Images) Life on the road has been a mixed bag for the Milwaukee Bucks, who are fifth in the Eastern...