The stock market ru💞bs out all the intraday losses and was trading with a slight gain on Monday’s afternoon deals.
BSE Sensex was trading 217.48 point♛s at about 12: 44 PM, which is 0.36 per cent up or 61,040.
The Nifty 50 index was tr💦ading 37.75 points or🎃 0.21 per cent higher at 18,152.65, according to the Zee Business.
Analysts said th🍒e fall in small- and mid-cap stocks indicated receding flows from retail investors after getting caught in a correction last week.
Meawhile, some stocks gave investors a reason to laugh and some were la💛ggards. C𝓰heck the list:
Gainers:
ICICI Bank: up 12.37%
Axis Bank: up 5.61%
Federal Bank: up 2.02%
PNB: 3.30%
SBI: up 2.33%
PVR: Up 6.73%
Balaji Amines: Up 6.91%.
KEC International: Up 6.20%.
Balaji Amines: Up 6.91%.
KEC International: Up 6.20%.
Solar Industries: Up 5.65%.
Tanla Platform: Up 5%.
Mahindra CIE: Up 3.02%
Ingersoll Rand (India): Up 3%.
IFB Industries: Up 1.26%.
Shoppers Stop Up 1.05%.
SAIL: Up 1.07%.
Hindustan Copper: Up 1.31%.
Losers:
IRCTC: down 11.09%
RVNL: down 9.99%
IRCON: down 4.46%
Asian Paints: down 2.31%
Kansai Nerolac: down 2.36%
Shalimar Paints: down 1.64%
Mahindra Holidays: down 5.49%
Lemon Tree Hotels: 2.05%
Binod Modi Head-Strategy at Reliance Securities
Domestic equities look to be muted as of now. High input costs have adversely impacted margins and profitab🦂ility of select consumer and manufacturing companies despite the steady volume💃 and sales growth.
This essentially raises concerns about the sustainability of earnings rebound in subsequent quarters, which has weighed on sentiments. However, despite that overall perf♓ormance so far has been good with the sharp growth in revenue aiding double-digit growth in earnings, he said.
