Stock market update: Market trades up; these stocks surge 10%

NEW DELHI: Shares of Schneider Electric Infrastructure (13.06 per cent), Rolta India (10.48 per cent) and Gati (10 per cent) surged 10 per cent in morning trade on Monday, mirroring positive market sentiment.

Bank of Baroda (9.07 per cent), Andhra Sugars (8.15 per cent), BEML (7.24 per cent), Lumax Auto Tech (6.92 per cent), Muthoot Capital (6.88 per cent), Adani Green Energy (6.59 per cent) and LG Balakrishnan & Bros (6.32 per cent) rallied over 6 per cent.

Benchmark indices Sensex and Nifty hit fresh record highs of 37,496.80 and 11,309.35, respectively, in early trade on Monday, lifted by buying in shares of ICICI Bank and Reliance Industries that came out with better-than-expected earnings last week.


The NSE Nifty index was trading 24 points up at 11,302, while the BSE Sensex was up 98 points at 37,435 around 09:55 am.

In the Nifty pack, 27 stocks were in the green, while 23 stocks were in the red.

HPCL, State Bank of India, Vedanta, ONGC and ICICI Bank were among the top gainers in the Nifty index.

Wipro, Kotak Mahindra Bank, Infosys, Bajaj Finance and HDFC Bank were among the top losers in the Nifty index.