Top 5 stocks of the day: HUL, Sun Pharma, Tech Mahindra, Eicher Motors and UPL were among the biggest gainers on the Nifty. The losers included UltraTech Cement, Grasim Industries, NTPC, JSW Steel and Tata Steel.
Indian equities opened higher on Monday, with financial companies rising after some banks announced solid quarterly results over the weekend, while a Wall Street rise the day before aided broader optimism.
The majority of the major sectors indexes rose, with the high-weightage financials sub index gaining by more than 0.6%.
Top 5 stocks of the day: Financial stocks
ICICI Bank and Kotak Mahindra Bank both gained 1% after reporting higher net profit and solid loan growth in the third quarter over the weekend. Reliance Industries' shares were turbulent after the business reported a larger-than-expected drop in net profit in the December quarter, following market hours on Friday.
Top gainers & losers along with the 5 stocks of the day
Torrent Power
491.00
31.00(6.74)
Coforge
4358.90
256.90(6.26)
Persistent Systems
4593.15
269.65(6.24)
Can Fin Homes
551.85
30.75(5.90)
DSJ Keep Learning
4.20
0.20(5.00)
Yes Bank
18.15
-1.60(-8.10)
Infibeam Avenues
17.10
-1.45(-7.82)
JSW Energy
246.85
-15.50(-5.91)
Shree Cement
23037.05
-1383.90(-5.67)
Future Retail
3.70
-0.20(-5.13)
India securities tribunal gives relief to NSE in colocation case
The Securities and Exchange Board of India (SEBI) ruled against the National Stock Exchange in a colocation case on Monday, according to lawyers representing the two parties. According to the lawyer representing the NSE in Mumbai, the Securities Appellate Tribunal (SAT) ordered the country's largest exchange to pay a penalty of one billion rupees ($12.3 million) for the flaws in its systems.
Tokyo shares end higher on lower yen, US rallies
Tokyo stocks rose after the closing on Monday, tracking Wall Street gains, as the yen fell to help exporters. The Nikkei 225 index rose 1.33 percent, or 352.51 points, to 26,906.04, while the Topix index gained 0.96 percent, or 18.51 points, to 1,945.38.
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