The Indian benchmark indices made a good start to the week with both Sensex and Nifty closing over 0.3% higher. The share price of Burger King shot up over 130% to close the day at Rs 135, while its issue price was Rs 60 on the Bombay Stock Exchange (BSE), while it expanded 125% on the National Stock Exchange.
The S&P BSE Sensex closed Monday at 46,253.46 points. Its share price shot up by 0.34% or 154.45 points. Nineteen of the thirty stocks constituting the Sensex closed the day in the green while the remaining eleven of them closed lower. The state-owned ONGC emerged as the most significant gainer in the index. Its share price surged by 4.91%.
L&T and NTPC followed by gaining 4.61% and 2.15%. The Indian majors Infosys, TCS and SBI, saw their share price adding 0.13%, 0.47%, and 0.66% respectively to their tally over the day. The share price of ICICI Bank, Kotak Bank and Axis Bank increased by 2.07%, 1.02%, and 0.42% respectively.
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M&M and Bajaj Auto turned out to be the top losers in the index. Their share price fell by 2.23% and 1.14% respectively. They were followed by Tech Mahindra and HDFC Bank, whose share price collapsed by 1.14% and 0.90%, while the share price of Bharti Airtel and Reliance tanked by 0.22% and 0.72% respectively.
The NSE Nifty 50 closed the day 44.30 points or 0.33% higher. It wrapped the day at 13,558.15 points. As many as 31 of the fifty stocks that form the Nifty index ended the in the favourable terrain while the remaining nineteen closed in the red. ONGC, L&T and Cipla led the gains in the index while they were curtailed by Eicher Motors and Hero MotorCorp who lost the most in the index.
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Engineer by qualification, financial writer by choice. I am always open to learning new things.
