D-Street Newsmakers: SBI, PSU stocks, IRB Infra among stocks that hogged limelight today
Indian equities amid benign factors including exit poll outcome, robust quarterly and FY24 GDP print ended sharply higher. At the close, Nifty ended with gains of 3.25 per cent or 733.2 points at a record closing high of 23,263.9, while Sensex added 3.39 per cent or 2,507.47 points and settled at 76,468.78. Meanwhile Bank Nifty climbed by over 4 per cent or 1,996 points at 50,979.95.
Here are the stocks that hogged limelight today:
SBI
Amid sharp gains in the Nifty Bank index, shares of the state-run lender ended higher by nearly 10 per cent.
PSU stocks
On the prospects of the BJP-led NDA getting stronger, PSU stocks rallied with Nifty PSE gaining a hefty 8 per cent. PFC, GAIL and REC were among the top gainers from the pack.
IRB Infra
After the NHAI increased toll prices across 1100 toll plazas in the country, shares of the road infra major ended over 10 per cent higher at Rs 72.96.
Indigo
Shares of the parent company of Interglobe Aviation ended 3 per cent higher at Rs 4,302.4 amid reports that the aviation company has signed on a codeshare collaboration with Japan Airlines.
MOIL
Shares of the mining company ended with gains of 5 per cent at Rs 524.7 as the company raised the price of all ferro grades of manganese effective June 1.
Vakrangee
Shares of the IT-enabled services firm ended 4 per cent higher at Rs 22.95 as the company plans to acquire 18.5 per cent stake in Vortex.
Canara Bank
The public sector lender ended with gains of 9 per cent at Rs 128.05 as the bank has initiated the process of seeking regulatory go-ahead for the conversion of its software services subsidiary into an NBFC.