Top Gainers & Losers: HDFC Life insurance and Wipro rise among blue chip stocks, IndusInd Bank dips over 1%
Top Gainers & Losers: In a see-saw trade, BSE Sensex jumped 401.04 points or 0.67 per cent to reach the 60,000-level
Top Gainers & Losers: Indian Benchmark indices started the week on a positive note with Sensex reclaiming the 60,000 mark on Monday as strong quarterly earnings reported by bellwether companies and a downward movement in the crude oil prices supported investor sentiments.
In a see-saw trade, BSE Sensex jumped 401.04 points or 0.67 per cent to reach the 60,000 level and closed the session at 60,056.10 and NSE Nifty ended at 17,743.40, up 119.35 points or 0.68 per cent.
Among the Nifty50 firms, HDFC Life Insurance, Tata Consumer Products, Wipro, Axis Bank, and ICICI Bank were the gainers.
Dr Reddy’s Laboratories, IndusInd Bank, Cipla, Divi’s Laboratories, and Maruti were among the laggards.
Here's a look at some of the blue-chip stocks that moved the most on Monday:
HDFC Life Insurance
HDFC Life Insurance stock was the top gainer on Nifty50, it jumped over 6 per cent to Rs 546.15 per share on the NSE.
The brokerage firm, Phillip Capital has maintained a ‘buy’ call on shares of HDFC Life Insurance for a target price of Rs 700 apiece which is an upside of 28.2 per cent.
The brokerage is bullish on the company’s long-term growth prospects.
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