Indian shares posted their highest close on Monday, tracking a rally in global markets, although trading was disrupted at the National Stock Exchange (NSE) for most of the session after technical issues prevented dealers from seeing updated stock quotations.
On Friday's' closing the markets saw biggest weekly gain since late May, with Sensex soaring 439.02 points to finish at 31,360.63, while broader Nifty snapped its three-week losing streak, garnering 144.90 points to close 9,665.80. Covering-up of short positions helped lift the index too. "A mixed trend at other Asian bourses following a rally on Wall Street on Friday on the back of forecast-busting USA jobs data cheered investors here", the report said.
Top five Sensex gainers were TCS (+2.91%), Lupin (+2.31%), Tata Motors (+2.19%), Bharti Airtel (+2.16%) and Wipro (+1.97%), while the major losers were ITC (-0.51%), HUL (-0.43%), Tata Steel (-0.23%) and HDFC (-0.14%).
Shares in AU Small Finance Bank Ltd surged 51.3 percent on their market debut after the lender's 19.13 billion rupee ($296.4 million) initial public offering.
■ 9.30am: Tata Motors Ltd rose 2.7% to Rs448.45 after the company reported retail sales of 51,591 units for June, up 11% from the same month previous year.
■ 10.00am: Shriram and IDFC group stocks fell after brokerages termed the merger deal as negative. During the April-June quarter, the company retailed 1,37,463 units, up 3.5% from the same period of a year ago.
Trading activities resumed at 1230 hours at the National Stock Exchange (NSE) in the afternoon today after the system faced technical glitches in the morning that led to diruptions.
United States stocks finished higher last Friday as technology stocks rebounded from a slump and the jobs report showed gains for June.
The Standard & Poor's 500 index picked up 0.6 percent to 2,425.18.