New Delhi: Domestic equity market settled at a new record high on Monday, thanks to the all-round buying. Auto, metal and banking stocks led the rally. Strong global cues and expectation of decent numbers from auto companies boosted the sentiments.
Equity investors grew richer by Rs 3.58 lakh crore as the total market cap of BSE-listed companies climbed to Rs 247.32 lakh crore.
The 30-share pack Sensex rose 765.04 points or 1.36 per cent to close at 56,889.76. Its broader peer NSE Nifty climbed 225.85 points or 1.35 per cent to 16,931.05. BSE midcap and smallcap indices advanced 1.5 per cent and 2 per cent each.
Todays session can be attributed to the latest entrants of Dalal Street. Stove Kraft, Laxmi Organics, Sona Comstar, Zomato, Devyani International and Angel Broking were in high demand during the session.
Here is a look at some of the biggest movers and shakers of Mondays session:
TOP GAINERS OF THE DAY
Stove Kraft: The recently-listed kitchen appliances player soared 14 per cent to Rs 992.35 on the back of strong technical charts. The traded volume of the counter jumped manifold compared to the average daily volume.
Indian Energy Exchange: The recent addition in the F&O segment was on a roll as the company is charged up for growth in the coming future as it holds 92 per cent market share. The scrip settled at Rs 480.35, 11 per cent higher.
Punjab Chemicals and Crop Protection: The smallcap agrochemical player advanced 11 per cent to Rs 1,809.65 after its investor/analyst call with multiple fund houses and institutional investors.
Laxmi Organic Industries: The recently-listed chemical maker has been in demand after strong results in the June 2021 quarter, which has turned analysts bullish on the company. It hit an upper circuit of 10 per cent to settle at Rs 462.35.
Ramkrishna Forgings: The auto parts maker zoomed 10 per cent to Rs 1022.75 after the company won an order from a major global axle manufacturer located in India for a warm forging business worth Rs 120 million per annum.
Sona BLW Precision Forgings: The auto parts manufacturer jumped 8 per cent to Rs 513.15 as reports suggested Elon Musks Tesla is in talks with the company to source critical electronic, electrical and mechanical components.
TOP LOSERS OF THE DAY
Hinduja Global Solutions: The BPO/KPO player hit a lower circuit of 5 per cent to Rs 2653 ahead of its investor/analysts call. The company will virtually host Fidelity International after the market hours on Monday.
Arvind Fashions: The apparel maker continued to decline as investors booked profits in the company after a sharp 25 per cent rally in the last one month. It tanked 5 per cent to Rs 255.70.
Burger King India: The QSR chain shed 4 per cent to Rs 163.80 as it signed a non-binding agreement for the acquisition of 85 per cent stake in Burger King Indonesia at $183 million. The deal has failed to enthuse the analysts.
Sudarshan Chemicals: The chemical producer retreated 4 per cent to Rs 682.95 ahead of its investor/analyst meet scheduled on September 02. The company will virtually host Kotak Institutional Equities.
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