After the promoters declared they would not use the oversubscription option to sell an additional 2% interest, Patanjali increased 5% to reach the upper circuit limit of Rs 1,223.35 on the NSE.
On Friday, domestic shares rose sharply, driven by increases in IT sectors. Broader NSE Nifty50 increased 29.45 points, or 0.15 percent, to 19,413.75, while the BSE benchmark Sensex increased 290.49 points, or 0.44 percent, to 65,849.38.
Since all indices opened in the green bar the India Vix, broader markets also contributed to the rally’s extension. Nifty Smallcap 50 increased by 0.73%, Nifty Smallcap 250 increased by 0.71%, Nifty Smallcap 100 increased by 0.70%, and Nifty Midsmallcap increased by 0.60%.
By 9.30 am, the Sensex had partially recovered from its early losses and was trading at 65,727.73, up 168.84 points, or 0.26 percent. The Nifty50 was up 49.75 points, or 0.26 percent, and was at 19,463.50.
All sectors started the day in the green as Nifty Realty increased by 1.23%, Nifty IT increased by 1.13%, Nifty Metal increased by 0.69%, and Nifty PSU Bank increased by 0.65%.
The top gainers in the first session included Infosys, Tata Motors, Wipro, TCS, LTIMindtree, Maruti, HDFC Bank, Divis Lab, Bajaj Auto, and Bajaj Finserv.
The top losing equities included Power Grid, NTPC, Bajaj Finance, Asian Paints, Bharti Airtel, Sun Pharma, M&M, and Reliance.
After the promoters declared they would not use the oversubscription option to sell an additional 2% interest, Patanjali increased 5% to reach the upper circuit limit of Rs 1,223.35 on the NSE.