benchmark indices managed to close Monday with reasonable gains after opening
on a flat note. At close, the BSE Sensex
gained 138.73points at 38,905.84 and the NSE Nifty closed 46.90 points higher
stocks, TCS, Tata Motors, Coal India, Tata Steel and Kotak Mahindra Bank were
the top gainers on the Nifty. On the other hand, Infosys, Bharti Infratel, Sun
Pharma, GAIL, and Yes bank were losers.
Pharma, Media and PSU Bank ended in the red while all the other sectoral
indices were closed in profits. Nifty
Metal, Nifty Realty and Nifty Auto were the top gainers, rising 2 percent each.
Nifty IT index advanced 1 percent as rupee extended its losses for the second repeated
trading session. Depreciation in rupee also provided support in the index. The rupee
extended its declines for the second straight session on Monday and
depreciated 17pd to trade at day’s low of 69.34 against the dollar.
of TCS ended near 5% high after the Company posted its best revenue in 15
quarters, while Infosys suffered the biggest declines, finishing down 2.61%
after it failed to amaze investors with its operating margin estimate for
of Tata Motors climbed 7.43% to its highest close in recent months, becoming the
top percentage gainer on the indexes.