Mumbai/New Delhi: Indian stocks gained for the fifth straight day on Monday. However, investors were a bit restrained because of the continuing tensions in Libya which continued to weigh on oil despite rates easing marginally.
Sensex: 18943.14, +0.68%
Nifty: 5687.25, +0.58%
Nikkei: 9478.53, -0.6%
Topix: 857.85, 0.05%
Auto and capital goods stocks led gains among sectoral indices. Financial stocks too increased on loan growth expectations.
BSE Auto: 8982.42, +1.52%
BSE Capital goods: 13184.49, +1.27%
BSE Health Care: 5894.48, -1.17%
MOVERS & SHAKERS
Tata Motors was the top gainer, advancing 3% after CNBC TV-18 reported that its Land Rover unit will report a £1-billion profit this financial year.
Larsen & Toubro also increased after the Business Standard newspaper reported that the company could sell its stake in JVs where it’s not a majority shareholder.
Among the companies which shed value, DB Realty, which is embroiled in the 2G spectrum probe, said its director Sundaram Rajagopal has stepped down, making him the fourth board member to quit since February. The stock tanked 14%.
Tata Motors: Rs 1,220.30, +3.25%
Reliance Industries: Rs1023.40, -0.26%
Larsen & Toubro: Rs1639.20, +2.56%
DB Realty: Rs 83.40, -14.02%