Nifty, Sensex Rally Continues - Monday Closing Report
Moneylife Digital Team 17 July 2023
On Monday, 2068 stocks advanced, 1606 declined and 182 remained unchanged, with an advance decline ratio of 1.28 on the Bombay Stock Exchange (BSE), indicating a negative closing of stocks in broader markets. The markets were in excellent shape as benchmark indexes reached new highs thanks to a surge in banking stocks following HDFC Bank's announcement of better than anticipated Q1 results. The majority of the company results reported so far have mostly met expectations. Despite weakening in European markets and a mixed finish in key Asian indices, there was rally in Indian stock market.
The trend of the major indices on Monday’s trading is given in the table below:
On NSE, 206 securities advanced and closed at a new 52-week high whereas 26 securities sank to close at their new 52-week lows.
In sectoral indices, Nifty Auto was the biggest losers. Nifty Media, Nifty PSU Bank and Nifty Pharma were among the biggest gainers.
Belgium-based Proximus group, a digital services , communication and ICT solutions provider, has signed a definitive agreement to acquire a majority stake in Route Mobile (-8.02%).
Nestle India (-0.21%) received approval for Rs894.10 crore food processing unit in Odisha.
FDA inspected Aurobindo Pharma (-0.14%) Unit XIV, Andhra Pradesh, and issues a report classifying it as "Voluntary action indicated".
Ashok Leyland (+0.47%) bagged Defense orders worth Rs800 crore.
SBIN (+0.49%) has raised Rs3,101 crore capital via additional tier I bonds (AT1) at a coupon of 8.1 %.
TCS (-0.76%) BaNCS powered  payments transformation at Banque Saudi Fransi.
Som Distilleries (+0.74%) beer brands received permission for supply to Rajasthan.
L&T (+0.06%) bagged orders in the range of Rs2,500-5,000 crore.
In large trades, Motherson Sumi Wiring (+0.95%) 50,41,241 equity shares change hands at an average price of Rs59.05 per share. Thermax (+3.05%) 55,453 equity shares changed hands at an average price of Rs2,351.5 per share.
Axiscades Technology (+2.17%) promoter revoked pledge of 9,98,540 shares through open market. Jindal Steel & power (-0.94%) promoter revoked pledge of 9,13,00,393 shares through open market. Mangolore chemicals (+0.98%)promoter revoked pledge of 1,25,00,000 shares through open market. Vasa Retail and overseas  (-3.33%) promoter sold net 24,000 shares through open market. The top gainers and top losers of the major indices are given in the table below: 
The closing values of the major Asian indices are given in the table below:
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