Top Gainers & Losers: The Indian markets started the week on a feeble note, losing nearly half-a-percent amid weak global cues. After a flat start, the benchmark indices gradually drifted lower as the day progressed, however a marginal rebound in the latter half trimmed some losses.

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The BSE Sensex settled at 60431.84 losing 250 points or 0.41 per cent, and Nifty50 ended at 17770.90 sliding 85 points or 0.48 per cent. 

Meanwhile, profit-booking in the IT majors largely weighed on the sentiments. The pressure was visible on the broader front too, wherein both midcap and smallcap lost over a percent each.

Titan

Shares of Titan ended as a top gainer on Nifty50 and BSE Sensex indices, rising by 2 per cent to Rs 2519.75 per share on the NSE.

Larsen and Toubro (L&T)

L&T shares concluded today’s session in the green, growing by almost 2 per cent to Rs 2203.5 on the NSE.

State Bank of India (SBI)

SBI shares closed as a top laggard on BSE Sensex, dipping nearly 3 per cent to Rs 537.3 per share on the BSE.

SBI shares have been battered lately by the Adani-Hindenburg row. Till date there have been no repayment issues, as loans are backed with cash-generating assets and no finance is extended against the promoter’s equity, according to the analyst at Prabhudas Lilladher, a domestic brokerage firm.

The brokerage maintained a ‘Buy’ rating on the stock with a target price of Rs 730 apiece, implying a 36 per cent rise from Monday’s closing.