All Indian stock indices started on a bullish note during early trade on Monday, but rupee fell flat at 60.03 per dollar. The rupee weakened by 5 paise versus 60.08 a dollar on Friday.
The BSE index rose one percent, while the Nifty index gained 0.99 percent during early trade, following the gains in Asian markets. The NSE index has surged 5 percent so far in June and 13.2 percent in the June quarter.
The Sensex on Monday opened higher at 25179.55 points with a surge of 79.63 points and Nifty opened at 7542.45 points with an increase of 33.65 points. On Friday, BSE index closed higher with surge of 0.15 percent at 25099.92 while the Nifty too ended higher by 0.21 percent at 7508.80 points.
Top gainers from BSE on Monday, 30 June at 10:35 am:
|Name||Symbol||Last in||Change in||Change in %|
|MM Forgings Ltd||MMFO||224.55||+37.40||+19.98|
|Control Print Ltd||CONP||108.50||+18.05||+19.96|
|Minda Industries Ltd||MNDA||339.95||+52.60||+18.31|
|Surya Roshni Ltd||SURR||113.60||+13.05||+12.98|
|Hitech Plast Ltd||HITE||68.05||+6.85||+11.19|
Top losers from NSE on Monday, 30 June at 10.35 am:
|Name||Symbol||Last in||Change in||Change in %|
|Matra Kaushal Enterprise Ltd||MATA||42||-9.75||-18.84|
|Yash Papers Ltd||YASP||26.25||-2.05||-7.24|
|Mukesh Babu Financial Services Ltd||MUKB||0.13||-0.01||-7.14|
|Dhanus Technologies Ltd||DHAT||0.14||-0.01||-6.67|
|RPG Life Sciences Ltd||RPGL||106.75||-7.30||-6.40|
NSE top gainers were Birla Cotsyn India, MM Forgings Ltd, Minda Industries Ltd, Visesh Infotechnics and Surya Roshni Ltd; top losers were FCS Software Solutions, Mohit Industries Ltd, Dynacons Technologies Ltd, RPG Life Sciences Ltd and JBM Auto Limited. However, the position of the companies changed frequently during the trading hours.
Foreign investors bought Indian shares worth ₹1.82 billion ($30.32 million) on Friday, according to Reuters. On Monday, at 11:30 am, all Indian stock indices recorded high.
Apart from BSE Sensex and Nifty, remaining 11 indices –Oil and Gas, Information Technology, Metals, Fast moving consumer goods, Capital goods, Banking, Realty, Auto, Power and Health care indices surged. While most Indian stock indices rose above one percent; stocks of Oil- gas, IT, FMCG and BSE Auto were excluded from the list.
Citigroup Global Markets Mauritius bought 4 million shares of Housing Development & Infrastructure Ltd, which led the company's index to surge 2.7 percent during early trade. The stock price of HDIL recorded ₹100.35 with surge of 3.40 and 3.51 percent change at 11:40 am.
In the meantime, shares of Dr. Reddy's Laboratories rose one percent, following Friday's gain of 1.8 percent. The company released its annual report aiming at capacity consolidation and expenditure.
"As of March 31, 2014, we had capital work-in-progress and capital commitments of 6,675 million and 2,920 million, respectively, for expansion of our manufacturing and research facilities, primarily relating to facilities located in India and the United States," Dr. Reddy's Laboratories Ltd said in its annual report.
The company added that, it would finance through more capital inflows and other investments, and all major projects will be implemented during the fiscal year ending in March 2015 and March 2016. On Monday, Dr. Reddy's stock price rose by ₹41.05 at ₹2,594.
At 12 pm, BSE Sensex surged 263.73 points or 1.05 percent while NSE index rose 78.85 points or 1.05 percent. Among 12 Indian stock indices, BSE Capital goods sector topped the list with increase of 2.05 percent, as remaining others rose less than 2 percent.
Moreover, the government declared that anti-lock system will be made mandatory for all commercial vehicles from next year. This increased the stock price of Wabco India by 6.82 percent or ₹212.25 at ₹3,325 per stock. Wabco India is a manufacturer of safety systems for commercial vehicles and the company provides mechanical and mechatronical technologies for commercial trucks, buses and among other vehicles.
Among 30 listed companies in Sensex; Coal India, Hero MotoCorp Ltd, NTPC Ltd and Reliance Industries stocks declined by 0.20 points, 9.10 points, 6.70 points and 2.55 points respectively. While other stock prices rose in BSE Sensex, only the stock price of Hero Motocorp fell among other 49 listed companies on Nifty.
At 1:20 pm, stock price of Reliance Industries fell by 3.35 at ₹1009.70 among 10 companies in Oil and Gas stock index, but stock price of other companies surged.
Besides, Japan's Nikkei rose 67.10 points at 15162.10 points, while Hang Seng index decreased at 23183.88 points by 37.64 points. In the mean time, all US based stocks among Dow Jones, S&P 500, NASDAQ and TR US surged by 5.71 points, 3.74 points, 18.8 points and 0.43 points respectively.
In European market only CAC-40 stock index fell by 2.64 points at 4436.99 points, but others gained during trading hours. FTSE 100, DAX, and TR Europe gained 22.60 points, 10.27 points and 0.36 points respectively.