Here s what Avdhut Bagkar, Derivatives & Technical Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today.
The Nifty gained 2.07%, or 418.90 points, to close at 20,686.80 after hitting a high of 20,702.65. The Sensex rose 2.05%, or 1,383.93 points, to close at 68,865.12, with the 70,000 mark in clear sight if the trend persists. Total market capitalisation shot up by ₹7.56 lakh crore (around $91 billion) on Monday.
Stocks that were in focus included names like HAL, which rose 3.41%, Tata Communications, which fell 3%, and Delta Corp, whose shares increased 2.19% on Friday.
Just a few months after half a dozen Russian institutions were permitted by the Indian capital market regulator to trade as foreign portfolio investors (FPIs) on local stock exchanges, three Russian entities are learnt to have applied for different licences with the GIFT City authorities.