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Markets remain upbeat on Monday

Markets remain upbeat on Monday

India Blooms News Service | 18 Apr 2016, 09:40 pm
Mumbai, Apr 18 (IBNS) The Indian markets closed on an upbeat note on Monday, largely fuelled by strong quartet-end earnings posted by IT major Infosys and expectations of a normal monsoon, with the Sensex up 189.61 points to 25816.36 and Nifty up 64.25 points to 7914.70.

The last time Nifty had reached its psychological level of 7900 was on Jan 1.

However, a $940 million fine slapped by a US jury on Tata Consultancy Services (TCS) and  Tata America International Corp, in connection with a trade secret lawsuit filed in 2014, has made many players in the IT sector see red.

TCS on Saturday said it will defend its position.

Some of the top gainers on Monday included Infosys, Cipla, Bharti Airtel, Idea Cellular, HDFC, BPCL, UltraTech Cements and Lupin. 

Some of the leading names that disappointed were GAIL, SBI, Hero, ONGC, Bank of Baroda, and ICICI Bank.

 

Image: Wikimedia Commons

Markets remain upbeat on Monday

India Blooms News Service
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