UltraTech Cement, GAIL (India), NTPC, Kotak Mahindra Bank and Hindustan Unilever were among the top losers in the Nifty index
NEW DELHI: Shares of Balkrishna IndustriesNSE -6.99 %(down 5.87 per cent), ITI (down 3.99 per cent) and Borosil GlassNSE -4.29 % (down 3.69 per cent) were trading with losses in Monday’s positive market.
Stocks such as Kirloskar OilNSE -3.86 % (down 3.34 per cent), Ashoka Buildcon (down 3.25 per cent), HDFC Asset Management Company (down 3.18 per cent), Hindusthan National Glass & Industries (down 3.17 per cent) and DLF (down 3.13 per cent) too were under pressure.
Market was in the positive terrain as strong GDP numbers and rupee’s improved health came as a welcome relief for investors.
Benchmark NSE Nifty50 index was up 36 points at 11,716, while the BSE Sensex was up 127 points at 38,773.
Among the 50 stocks in the Nifty index, 33 were trading in the green, while 17 were in the red.
Realty stocks were under pressure after the Supreme Court banned all construction activities in the states of Maharashtra, Madhya Pradesh, Uttarakhand and Union Territory of Chandigarh unless a solid waste management policy was in place.
UltraTech Cement, GAIL (India), NTPC, Kotak Mahindra Bank and Hindustan Unilever were among the top losers in the Nifty index.[“Source-economictimes”]