Sensex up 370 pts; Nifty reclaims 25k; SMIDs in green; IT, private banks lead

The Indian equity markets were buoyant in trade on Monday, with buying seen in IT, and banking stocks. As of 11 AM, the BSE Sensex was trading higher by 320 points or 0.39 per cent at 81,527, while the NSE Nifty50 was at 24,987, up 93 points or 0.37 per cent.

Bajaj Finance, HDFC Bank, Axis Bank, Bajaj Finserv, HCL Tech, ICICI Bank, Kotak Bank, TCS, Trent, and Infosys were the top Sensex gainers today, rising up to 3 per cent.

In the broader markets, the Nifty Midcap 100 and Nifty Smallcap 100 indices were trading higher by 0.30 per cent and 0.11 per cent, respectively.

Among sectors, the Nifty Bank index gained 0.55 per cent, the Nifty Financial Services, and the Nifty IT indices 0.7 per cent each.

The Nifty Metal index, and the Nifty Pharma index, however, were the top losers, down 0.8 per cent and 0.6 per cent, respectively.

Buzzing Stocks:

Aditya Birla Lifestyle share price surged over 9 per cent intrday today after Flipkart Investments solds its entire stake in the company via block deals on Monday. According to reports, Flipkart was looking to sell its entire 6-per cent stake in the Aditya Birla company.

Delhivery, BSE Ltd, Fortis, MCX Ltd, Nykaa, M&M Finance, AU Small Finance Bank, and YES Bank were the other stock gainers.

IPO today:

In the mainboard category, Tata Capital IPO will opened for subscription today.

On the SME front, shares of KVS Castings, Rukmani Devi Garg Agro Impex, M P K Steels (I), Ameenji Rubber, Manas Polymers & Energies and Bhavik Enterprises listed on bourses. IPOs of DSM Fresh Foods, Greenleaf Envirotech and Shlokka Dyes will close for subscription.