India’s benchmark indices trimmed gains in afternoon trade to close marginally higher on Monday. In the morning, market sentiment was lifted by major constituent Infosys, which announced a new chief executive over the weekend.
The BSE Sensex closed 36.78 points higher at 32,869.72. The NSE Nifty rose 5.95 points to finish at 10,127.75.
Salil Parekh’s appointment as the chief executive officer on Saturday brought the prolonged leadership crisis at Infosys to an end. The company’s stock was the top gainer on both indices on Monday.
The other top stocks on the BSE Sensex were Tata Motors, Hindustan Unilever, HDFC and Tata Steel. The top losers were Coal India, Asian Paints, Sun Pharma, Reliance Industries and Maruti Suzuki.
The top gainers on the Nifty 50, apart from Infosys, were Indiabulls Housing Finance, HCL Technologies, Hindalco and Zee Entertainment. The stocks that lost the most were UPL, Bharti Infratel, Coal India, Bajaj Finance and UltraTech Cement.
The Indian rupee was trading 10 paise higher at 64.36 against the United States dollar at 3.48 pm.
Other major Asian markets had a mixed day on Monday. Japan’s Nikkei 225 fell nearly 112 points while the Shanghai SE Composite Index finished just eight points lower. The Taiwan index rose by over 50 points and the Hong Kong Hang Seng by 64 points.
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