The benchmark BSE Sensex, Nifty closed on higher note on Monday, with consumer stocks like ITC Ltd leading, due to investor’s sentiment got boosted after the govt last week finalized rates for the upcoming GST. The BSE Sensex closed higher by 106 pts, or 0.35 percent, to 30,571, while the NSE Nifty-50 index rose 12 pts, or 0.12 percent to 9,439.
The NSE FMCG index gained 2.9% as a record high. Shares of SBI today fell 2.5% percent as investors were watchful on the outlook of its assets quality on the merger of its 5 subsidiary banks, after it reported consolidated loss. SBI merged with the 5 associates and Bharatiya Mahila Bank on first April.
ITC LImited rose 4.8% to an all-time high, while HUL Ltd gained 2 percent. Suzlon Energy Ltd surged 8 percent to its highest since 6 January 2016 after the renewable energy major posted a Q4 net profit compared with loss a year earlier. Tata Power Ltd down nearly 4.3% at its lowest since February, and was among the major losers on the NSE index.
Jet Airways, InterGlobe Aviation and Spicejet, extended losses. Stock of Jet Airways closed at Rs 480.80/ share, down by 7.40 percent.
Metal shares ended lower. Bhushan Steel slipped 3.66%, Hindustan Copper down 2.71%, JSW Steel shed 0.85%, Hindalco Industries went down 0.84%, Vedanta Ltd down 0.61% and Tata Steel shed 0.49%, among others.
The NSE FMCG index gained 2.9% as a record high. Shares of SBI today fell 2.5% percent as investors were watchful on the outlook of its assets quality on the merger of its 5 subsidiary banks, after it reported consolidated loss. SBI merged with the 5 associates and Bharatiya Mahila Bank on first April.
ITC LImited rose 4.8% to an all-time high, while HUL Ltd gained 2 percent. Suzlon Energy Ltd surged 8 percent to its highest since 6 January 2016 after the renewable energy major posted a Q4 net profit compared with loss a year earlier. Tata Power Ltd down nearly 4.3% at its lowest since February, and was among the major losers on the NSE index.
Jet Airways, InterGlobe Aviation and Spicejet, extended losses. Stock of Jet Airways closed at Rs 480.80/ share, down by 7.40 percent.
Metal shares ended lower. Bhushan Steel slipped 3.66%, Hindustan Copper down 2.71%, JSW Steel shed 0.85%, Hindalco Industries went down 0.84%, Vedanta Ltd down 0.61% and Tata Steel shed 0.49%, among others.