Top 5 stocks of the day: The top gainers on the Nifty 50 index are BPCL, Infosys, HCL Tech, JSW Steel, and M&M, while the top losers are Divi’s Lab, ONGC, IndusInd Bank, Power Grid, and UPL, with Divi’s Lab down 1.34%. The NSE Nifty 50 and the BSE Sensex opened higher on Monday. The Nifty gained 30 points to close at 18,601.6, while the Sensex gained 145 points to 62,771.
Top 5 stocks of the day: Sensex and Nifty
Nifty opened below 18,600, but after a turbulent day of trading, it closed slightly above the critical mark at 18,601. The Sensex rose 99 points to 62,725. The broader markets finished in the green, with the Nifty Midcap 100 up 0.55% and the Nifty Smallcap 100 up 0.87%. The India VIX volatility index rose 1.12% to 11.25. Sectorally, the Bank Nifty fell 0.1% to close below 44,000. The Nifty IT, Nifty Media, and Nifty Metal indices all climbed up to 1.51%, while the pharma, private bank, and healthcare indices all finished modestly lower.
TVS Motor Shares Rise After Its Singapore Unit Acquires 25%
TVS Motor Co. shares climbed the most in nearly a week after its Singapore arm purchased a 25% stake in SEMG and granted TVS Credit Services’ request for Rs 480 crore in equity financing from Premji Invest.
As minority shareholders of the company exercised their put option to sell their 38,217 equity shares, the automaker’s affiliate, TVS Motor (Singapore) Pte, will purchase a 25% stake in Swiss E-Mobility Group (Holding) AG, Switzerland.
Brightcom Group Shares Gain On Strong Revenue
Brightcom Group Ltd. shares surged after the company predicted for a nearly 28% increase in revenue and a 24% increase in profit after tax in FY24, according to its investor presentation on the markets.
In fiscal 2024, the business forecasts its topline to be in the range of Rs 9,196.03 crore to Rs 9,667.63 crore, representing a mid-point rise of 27.51% over 2023. It forecasts profit after tax to range between Rs 1,659.14 crore and Rs 1,744.23 crore, representing a 24.12% increase over 2023.
Rupee opens 2 paise higher at 82.44 against US dollar
The Indian rupee began flat versus the US dollar. This occurred at a period of weakness in Asian currencies. The local currency began at 82.44 per dollar, up 2 pence from Friday’s finish of 82.46.
Disclaimer: (This piece of information is purely informational. It is important to note that offers, discounts, and/ or any other scheme/ information/ statistics must be personally verified by the readers from the respective sources. Readers are advised to invest or purchase solely at their own risk. DNP News Network Private Limited, website or the writer doesn’t validate the offers in any context. We will not be liable for any financial or other losses.)
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER
