Indian equities in Monday’s session opened higher amid good domestic macros and after RBI’s blockbuster rate cut on Friday. At the open, Sensex gained 395.18 points or 0.48 per cent to 82,584.17, while the Nifty50 climbed 123.95 points or 0.5 per cent to 25,127. Meanwhile, Bank Nifty marked its fresh all-time high of 57,049.5.
From the broader markets space, both the indices traded higher with gains of up to 0.65 per cent in early trade today.
Top gainers in early trade included stocks like Jio Financial Services,Shriram Finance, Kotak Mahindra Bank, Axis Bank and Tata Motors, while laggars were Bharti Airtel, SBI Life Insurance, Eternal, ICICI Bank and Dr. Reddy’s Laboratories.
Sectoral show
In a broad-based buying scenario, IT and PSU Bank led the gains, followed by private banks, financial services and auto. Nonetheless, after steep gains in the previous session, realty index saw profit booking with the index down 0.08 per cent as at the last count.
Stocks in news
Orient Cement: The buyback by Ambuja Cements that opened on May 27 will close today. The company announced to buyback 5.34 crore equity shares at a price of Rs 395.4 per share.Â
Inventurus Knowledge Solutions: Lock in of 1 per cent outstanding shares to open today.
Â
Gensol Engineering: NCLT to hear petition filed by Blusmart and Matrix Gas challenging their bank and demat account freeze.Â
MCX: MCX, the country’s leading  commodity derivatives exchange, received approval from the Securities and Exchange Board of India (Sebi) to issue electricity derivatives.
Asian markets
Most Asian stocks rose on Monday in the backdrop of optimism over trade talks between China and US that is scheduled to take place later in the day. The key MSCI Asia ex Japan index was up 0.75 per cent.
Technology stocks were the best advancers, with Chinese internet giants as well as South Korean chipmakers
Â
Â
Â
