D-Street Newsmakers: SBI, NTPC, Zomato among 7 stocks in spotlight today
Indian equities continued their upward trajectory for the second day amid across-the-board buying.
Indian equities continued to trade higher for the second straight day after BJP's landslide win in the Maharashtra elections.
SBI
SBI shares has been picked as one of the stock to buy as MOFSL sees a short term rally to be fuelled after NDA-win. The stock climbs nearly 4 per cent to close at Rs 844.75 apiece.
Vedanta
Vedanta shares traded in the red and settled marginally lower at Rs 444.15 after the NCLT directs the company to meet its lenders for demerger discussion.
M&M
As M&M emerges as the preferred pick of Jefferies, its shares ended higher by over 1 per cent at Rs 3,044.8 per share.
NTPC
NTPC shares rose and settled nearly 1 per cent higher at Rs 368.65 per share as Bernstein continued with its 'outperform' call amid a rise in demand for power.
PSBs
The space ended with sharp gains- Nifty PSU Bank ended over 4 per cent higher; with Central Bank of India zoooming up to 9 per cent.
PSUs
PSUs also logged sharp traction in Monday's trade as Nifty CPSE climbed over 2.5 per cent. The stock that led gains included stocks like NBCC, SJVN and ONGC among others.
Afcons Infra
The scrip ended over 6 per cent higher at Rs 528.55 per share as the company's Q2 PAT climbed 30 per cent on-year.