INSUBCONTINENT EXCLUSIVE:
The overall market breadth stood positive as 2,303 stocks advanced while 1,298 declined on BSE.New Delhi: The Indian equity benchmarks on
Monday settled in green led by gains in automobile stocks
The 30-share BSE Sensex rose 86 points or 0.14 per cent to close at 61,309, while the broader NSE Nifty moved 52 points or 0.29 per cent
higher to finish at 18,308
During the day, both the indexes swung between gains and losses amid weakness in pharma and financial shares before settling on a positive
note.Mid- and small-cap shares recorded gains as Nifty Midcap 100 index jumped 0.16 per cent and Nifty Smallcap 100 index soared 0.60 per
cent.Nine out of the 15 sector gauges -- compiled by the National Stock Exchange -- settled in green
Nifty Auto outperformed the index by climbing as much as 2.05 per cent.On the stock-specific front, Hero MotoCorp was the top Nifty gainer
as the stock surged 5.11 per cent to Rs 2,701
Grasim Industries, ONGC, Tata Motors and UltraTech Cements were also among the gainers.Auto stocks rose led by a 4.99 per cent jump in Hero
The two-wheeler maker said it will invest about Rs 420 crore in electric vehicle (EV) firm Ather Energy
On the other hand, Maruti Suzuki India rose 2.08 per cent after it hiked prices and Tata Motors was up 2.80 per cent after it was reported
that the carmaker is planning to make 50,000 EVs in the next fiscal year.Also, billionaire Rakesh Jhunjhunwala-backed Metro Brands rallied
20 per cent after the company reported a 54.63 per cent jump in consolidated net profit for the third quarter ended December 2021.On the
services provider reported a 13 per cent drop in its third-quarter net profit.The overall market breadth stood positive as 2,303 stocks
advanced while 1,298 declined on BSE.On the 30-share BSE platform, UltraTech Cements, Mahindra - Mahindra, Maruti, Tata Steel, TCS and L-T
attracted the most gains with their shares rising as much as 2.75 per cent.HCL Tech, HDFC Bank, Axis Bank, Tech Mahindra, PowerGrid and Sun
Pharma were among the losers.
