The benchmark Sensex index closed up 198.94 points or 0.58% at a lifetime high of 34,352.79 while the broader Nifty added 64.75 points or 0.61% to conclude at a recrod peak of 10,623.6. The key equity indices Sensex and Nifty extended gains on the second Monday of new year 2018 and rallied to record highs taking their respective annual returns to hold around 28-29%. In the intraday trade, the S&P BSE Sensex clocked as much as 221 points to hit a fresh all-time high of 34,374.85 while the wider 50-share index Nifty added 64.35 points to mark the record high of 10,623.2. Indian stock markets surged to record highs very quickly after opening on a higher note on Monday with most of the sectoral indices finishing in green. the broad market indices of NSE such as Nifty Next 50, Nifty Midcap 50, Nifty Mid100 Free, Nifty Sml100 Free, Nifty 100, Nifty 200, Nifty 500 rose in a range of 0.6% to 1.5% while India Vix advanced 5.43%. Amid the broad rally, we take a look at 11 shares under Rs 100 that gained up to 10% in today’s trade.

Among the BSE’s ‘A’ group of shares as many as 11 shares under Rs 100 advanced up to 10% on Monday’s trade. Shares of IDFC Bank rose as much as 11.58% to a day’s high of Rs 65 before settling up 8.76% at Rs 63.35 on BSE. Shares of Marksans Pharma gained 6% to end at Rs 44.35; HCL-Infosystems jumped 5.71% to finish at Rs 62.95; Videocon Industries advanced 4.8% to Rs 26; Reliance Power rose 4.52% to Rs 61.3; CG Power and Industrial Solutions gained 3.7% to Rs 96.3; Reliance Naval and Engineering added 3.58% to Rs 59.25; GMR Infrastructure gained 3.53% to Rs 22; IDFC zoomed 3.34% to Rs 66.55, Hindustan Construction Company gained 3.34% to Rs 43.3 while South Indian Bank rose 2.89% at Rs 33.85 on BSE.

You may also like to watch

Investor’s sentiments across the street seemed to have turned optimistic ahead of the major corporate earnings for the October-December quarter of the financial year 2017-2018. Going ahead, the domestic markets are likely to be steered by upcoming quarterly results season, along with the release of macroeconomic data including industrial production and inflation. Also, the global cues such as crude oil prices, combined with the direction of foreign fund flows and the rupee’s movement against the US dollar, will also impact investors’ risk-taking appetite. This week, companies like Tata Consultancy Services, Infosys, Bajaj Corporation and IndusInd Bank are scheduled to release their respective Q3 earnings report card.