An increase in heavy-weighted Energy and IT firms helped Indian shares open higher on Monday after positive economic indicators from the US and investments in the Adani group of companies increased risk appetite.
As of 14:24 pm IST, the BSE Sensex increased 0.85% to 60,316 while the Nifty 50 index increased 0.80% to 17,735.
Energy and IT sector stocks are gaining with MGL (8.3%) and GAIL (3.85%) leading the way.
After U.S. boutique investment firm GQG Partners’ $1.87 billion investment in the conglomerate on Thursday, all the Adani group equities increased as well, extending gains.
The top gainers for today till now are Adani Enterprises, ONGC, Tata Motors, Power Grid Corp, and NTPC.
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