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Shares of JTL Industries gained over 5 per cent on Monday to touch the intraday high of Rs 240.40 on the BSE. Earlier, the counter opened at Rs 234.05 and gained 5.44 per cent to touch the intraday high of Rs 240.40. The scrip had closed at Rs 251.95 in the last trading session.Meanwhile, the stock markets began the week on a positive note, buoyed by encouraging global cues. The Sensex surged 320.49 points, opening at 81,406.40, while the Nifty climbed 92.15 points to open at 24,915.30.
In early trading, the Nifty saw a majority of its constituent companies advance, with 32 stocks gaining and 17 declining. One stock remained unchanged.Leading the gains were ONGC, Wipro, Tech Mahindra, LTIMindtree, and TCS. Conversely, Grasim, Apollo Hospitals, HDFC Life, ITC, and Sun Pharma were among the top losers.
Ajay Bagga, a banking and market expert, commented on the market trends, “A strong market up move in the US markets following the Jackson Hole comments of Fed Chair Powell was expected to help the Asian markets rally as well.