Markets end marginally higher on Monday - LuvKush Finserve

Markets ended marginally higher on Monday, amid range bound trades, led by gains in financials and capital goods shares. At the close, the Sensex was up 33 points at 19,501 and the Nifty gained 11 points to end at 5,898. Meanwhile, the broader markets outperformed.

The smallcap index added 0.7% while the midcap index gained 0.4%. Among the sectoral indices, Realty, capital Goods and Power indices were the top gainers, up 1-2%. On the other hand, IT and Consumer Durables closed in the negative, down 0.2-0.5% and Oil & Gas index closed flat with a negative bias.

The top gainers among the Sensex-30 were Tata Steel, Hindustan Unilever, Sterlite and L&T up 1.5-2%. HDFC, BHEL, SBI, Hero MotoCorp and Hindalco up 1% each were the other notable gainers. Among the losers were Jindal Steel, Coal India, ONGC, Dr Reddys Lab, Bajaj Auto and TCS down over 1%. Shares of HDIL were up nearly 4% after the company's management clarified on the recent promoters' stake sale last month.

Shares of Suzlon Energy were up 3% on huge volumes on reports that the debt-ridden company plans to turnaround by sale of non-core assets.

Source : Equity Bulls

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