INSUBCONTINENT EXCLUSIVE:
Stock markets on Monday: Strong buying in banking, finance, IT and metal stocks boosted the key indicesDomestic stock markets closed
Monday's session at new peaks, driven by widespread buying in banking, power and metal stocks amid positive global cues
Both the benchmarks Sensex and Nifty recorded their biggest single-day gains in nearly five months
On April 5 this year, the 30-share Sensex had rallied 577.73 points and the Nifty 50 climbed 196.75 points.Twenty nine out of 30 Sensex
stocks finished the session in the green
Major gainers in the Sensex pack were Bharti Airtel (+3.93%), Power Grid (+3.64%), ICICI Bank (+2.97%), SBIN (+2.65%), Infosys (+2.53%) and
Infosys, ICICI Bank, Reliance Industries were among the main contributors to the gains in Sensex
Hindalco Industries (+3.65%), Bharti Airtel (+3.51%), Power Grid (+3.35%), Tech Mahindra (+3.21%) and ICICI Bank (+2.92%) led the pack of
Google and Amazon were in talks to buy a stake in the consumer products company.Strong buying witnessed in banking, finance, IT and metal
gradual approach in tightening led to bullish sentiments in equities
relatively strong, so we are at a stretched valuation," Reuters quoted Sanjiv Bhasin, executive VP, markets and corporate affairs, India
inflows, giving push to the market uptrend
Net purchases of equities by domestic institutional investors (DIIs) stood at Rs 904.75 crore last Friday, while foreign portfolio investors
(FPIs) net sold shares worth Rs 75.78 crore, provisional exchange data showed.Meanwhile, Jet Airways is all set to declare their June
quarter results during the day
pack in the closing session was Sun Pharma (-1.25%)
