Nifty continues to recover gradually post lunch hours of trade, on Monday. The NSE Nifty50 index was down by 126 points down at 10,663.70 while the BSE Sensex was 416.81 points down at 34,649.94 during the day.
Most of the bank stocks including IndusInd Bank (down 3.56%), Kotak Mahindra Bank (down 2.56%), HDFC Bank (down 2.05%) and YES Bank (down 1.73%) were trading down in Monday’s trade. Shares of ICICI Bank (down 1.27%), State Bank of India (down 0.17%) and Axis Bank were also down in the index around that time.
In the Nifty 50 index, Bharti Airtel, Tata Motors, HPCL, Bharti Infratel, and Bosch were among the top gainers. However, HDFC, IndusInd Bank, L&T, Kotak bank and Adani Ports SEZ were among the top losers.
Shares of Kalyani Steels plunged above 5.5% after the company declined its Q3 net profit by 10.2% year-on-year to Rs. 30.80corer and revenue fell 2.7% to Rs. 337.1cr.
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