INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Headline indices Sensex and Nifty opened with decent gains on Monday
At 09:18 am, the SP BSE Sensex was trading 63 points higher at 36,564 with Asian Paints (up 4 per cent) being the top gainer and Wipro (down
4 per cent) the worst laggard
The broader Nifty50 index of National Stock Exchange (NSE) was trading 28 points higher at 11,037.85, with 35 constituents in the green, 14
in the red and 1 remianed unchanged
In the stock-specific actions, shares of UPL climbed as much as 7.76 per cent after the company's unit UPL Corporation signed a
definitive agreement with Platform Specialty Products Corporation to acquire Arysta LifeScience Inc
and its subsidiaries for approximately $4.2 billion in cash consideration
At 09:31 am, the stock was trading at Rs 584.45 apiece on BSE, up 6.22 per cent
Footwear stocks gained after the GST Council lowered GST rates on footwear below Rs 1,000 to Rs 5 per cent from 10 per cent earlier
At 09:36 am, Khadim India was trading 4.87 per cent higher at Rs 790 while Bata India gained 2.46 per cent to trade at Rs 863 apiece
In the sectoral landscape, FMCG stocks gained the most, followed by metal and PSU banks
Theb Nifty FMCG index was trading 1 per cent higher at 29,596, with 9 constituents in the green and 6 in the red
