In the broader market, the S&P BSE MidCap index ended flat at 13,403.74, up 0.05 per cent while the S&P BSE SmallCap index closed the day at 12,784, down 0.15 per cent.
Shares of Hindustan Unilever (HUL) hit an over 10-week high of Rs 2,274 on the BSE during the day after the company announced that its board will meet on July 21 to consider special interim dividend. The stock ended at Rs 2,264.70, up 1.84 per cent. READ MORE
Shares of HDFC Bank ended over 2 per cent lower at Rs 1,080 on the BSE after a Bloomberg
report alleged that the bank was probing allegations
of improper lending practices and conflicts of interests in its vehicle-financing operation.
Avenue Supermarts tumbled up to 6 per cent to Rs 2,182 on the BSE after the firm's consolidated net profit for the June quarter declined 87.61 per cent to Rs 40 crore compared to a profit of Rs 323 crore in the same quarter last year. The stock ended at Rs 2,232, down over 3.8 per cent. READ MORE
World shares were approaching a five-month peak and the dollar slipped on Monday as investors wagered the earnings season would see most companies beat forecasts given expectations had been lowered by coronavirus
MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.8 per cent as Chinese stocks jumped 2.1% on Monday. Japan’s Nikkei gained 2.2 per cent and South Korea 1.7 per cent.
The optimism carried over to Europe, where stocks rose 1 per cent, even as the US on Friday slapped additional duties of 25 per cent on French luxury goods valued at $1.3 billion, in a tit-for-tat response to France’s digital services tax.
In commodities, oil prices dropped on big spikes in Covid-19 infections over the weekend in the United States and elsewhere while traders await an OPEC technical meeting expected to recommend an easing of supply cuts.
(With inputs from Reuters)