INSUBCONTINENT EXCLUSIVE:
HDFC Bank, HDFC and LTcontributed the most to the upmove on Sensex
Domestic stock markets extending
their gains to a second consecutive session to end at record closing highs on Monday
The SP BSE Sensex rose 248.57 points - or 0.63 per cent - to end at 39,683.29, and the NSE Nifty index finished at 11,924.75, up 80.65
points - or 0.68 per cent - from the previous close
Strong buying interest in banking, financial services, metal and infrastructure sectors supported the markets, however weakness in
pharmaceutical and media counters kept the upside in check
Analysts expect some volatility in the markets ahead of the release of economic data and the expiry of monthly derivatives contracts this
new government and we are seeing stock specific rally," AK Prabhakar, head of research at IDBI Capital, was quoted as saying in a report by
stocks outperformed the benchmark indexes
finished 0.97 per cent lower, dragged by Lupin, Sun Pharma and Divi's Laboratories.Shares in InterGlobe Aviation - the operator of the
IndiGo airline - rose 2.77 per cent to close at Rs 1,666.60 apiece on the NSE, ahead of the earnings announcement by the company for the
January-March period.The government is due to release the GDP or gross domestic product data for the quarter ended March 31 on Friday.The
Sensex and Nifty had ended 1.61 per cent and 1.60 per cent higher on Friday, after the Bharatiya Janata Party-led National Democratic
Alliance (NDA) won an overwhelming majority in the recently concluded general elections.(With inputs from Reuters)
