The BSE Sensex spiked 238.64 points at 34,831.03 while NSE Nifty added 67.75 at 10,749 in the late morning, for the first time ever. It is hoped all through this week, the stock markets are expected to be guided by the third-quarter earnings of major companies like HDFC Bank, ITC Ltd, Wipro Ltd, Kotak Mahindra Bank, Bharti Airtel and Yes Bank etc.
The stock of ICICI Bank extended the gains rising 3.29% to the day’s high of Rs 328.05 while HDFC shares rose 2% to the day’s high of Rs 1,796.7 after the company approved raising up to Rs 13,000 crore in its banking arm.
Shares of ICICI Bank, HDFC, Power Grid, Wipro, TCS, RIL, and SBI were the major gainers IN Sensex while Bharti Airtel and IndusInd Bank traded a little lower.
Infosys shares rose 1.26 percent to a fresh 52-week high of Rs 1092.05 after the company on Friday reported a rise of 38.22 percent in the net profit to Rs 5129 crore for the Oct –Dec quarter for the current fiscal.