Markets open high, Top stock to watch
Markets open high, Top stock to watch

The Indian stock market opened at a record high level on Monday led by the positive development of vaccine developments. Heavyweights RIL, HDFC Bank, TCS, HUL and Bajaj Finance contributed the most to the gains in the indices. At around 10.20 am, the NE Nifty50 was trading up by 0.14 percent or 17.80 points at 12,876.85, while the BSE Sensex was trading at 43,930 with a gain of 0.11 percent or 48.60 pts.

Nifty Pharma rose by 1.67 percent to 11,719.25, while metal stocks, too, lifted the benchmarks higher with Nifty Meal gaining by 1.19 percent to 2,807.70. IndusInd Bank, Divi's Lab, Bajaj FInserv, all gaining by 3 percent each were the top gainers. NTPC and Reliance gained by 2.45 percent each. HDFC, Tata Motors, Mahindra and Mahindra, ICICI Bank and ITC were the top losers shedding 1 percent each.

Shares of Vodafone Idea rose about 4 percent after the Company got an offer for a credit line of up to USD 2 billion or Rs. 15000 crore from a consortium led by Oak Hill Advisors. Sixth Street, Twin Point Capital and Varde Partners.

Shares of SREI Infrastructure slipped 15 percent as the RBI conducted a special audit into the infrastructure financier sensing some loophole with outstanding loans standing at a huge Rs. 30000 crore. . The company though said the audit process to be a 'regular' regulatory scrutiny.

Prices of petrol and diesel continuously increasing for last 4 days

GST council panel strategy to curb fake invoices

28 projects providing employment for 10000 people were approved in Food Industry


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