Authors: Super UserNEW DELHI: Headline indices Sensex and Nifty logged solid gains on Monday on the back of firm global cues and heavy buying in industry heavyweights RIL, ICICI Bank and ITC.The SP BSE Sensex rallied 293 points, or nearly 1 per cent, to 35,208, while NSEs Nifty50 index added 97.25 points, or 0.92 per cent, to 10,715.Herere the top newsmakers of the day:-PC Jeweller regains shine, and how!Shares of the Delhi-based jewellery retailer gained for the third straight session.
The stock rallied 38 per cent to Rs 240.70.
The company had on Saturday informed the bourses that the board will hold a separate meeting on May 10 to consider the proposal for buyback of its fully-paid equity shares.
This apart, around 7.8 lakh shares changed hands in three block deals in the early trade.Big Bull touch lifts Karur VysyaAce investor Rakesh Jhunjhunwala has increased his stake in Karur Vysya Bank to 3.36 per cent in January-March quarter from 3.09 per cent at the end of December quarter, latest shareholding data showed.
The Big Bull scooped up 19,50,000 shares in the private bank in the March quarter.
As a result, shares of the bank climbed nearly 3 per cent in the intraday trade, before settling 1.44 per cent higher at 105.50.ICICI Bank gains ahead of Q4 nosPrivate sector lender ICICI Bank ended 2.30 per cent higher on Monday ahead of March quarter results.
The stock gained even as some brokerages expect the lender to report 30-35 per cent drop in profit.
READ MOREUjjivan bleeds on farm loan waiver concernsShares of Ujjivan Financial Services witnessed its biggest fall in three months on Monday, tanking nearly 6 per cent.
Kotak Institutional Equities downgraded Ujjivan to reduce from add earlier but kept the target price unchanged.
The stock slide is seen mainly because of worries over farm loan waiver as parties jostle to outdo each other on this count.
The waiver was announced by the BJP would apply to loans up to Rs 1 lakh from nationalised banks and co-operatives.
Shares of the company shut shop at Rs 395.45 apiece on BSE, down 5.91 per cent.
Rupee plunges to a 15-mth lowRising crude oil prices in global markets and strengthening dollar dragged the rupee below the 67-mark on Monday for the first time since February 2017.
The local currency was down over 25 paise at 67.13 against the American currency in the afternoon trade against the previous close of 66.87.
READ MOREReliance Infra on fireShares of the Anil Ambani-led company climbed 8 per cent in the trade after the company won order worth Rs 7,000 crore for Versova-Bandra Sea Link Project in Mumbai.
The company in its BSE filing said Reliance Infra and Italian firm Astaldi in the joint venture have bagged the engineering, procurement and construction contract for the Versova-Bandra Sea Link Project in Mumbai.
The stock settled 6 per cent higher at Rs 447.10 apiece on BSE.
READ MORESadbhav Engg bags ordersSadbhav Engineering on Monday said it has bagged a mining project worth Rs 317 crore in Chhattisgarh.
"The company has been declared the successful bidder in reverse auction process in respect of the bids invited by South Eastern Coalfields, Chhattisgarh, for a mining project of the contract value of Rs 317.11 crore," the company said in a BSE filing.
Shares of the company climbed 5 per cent in the intraday trade, before settling flat at Rs 372.10 apiece on BSE, up just 0.26 per cent.ReNew Power to launch IPOAccording to some news sites, the Gurgaon-based renewable energy company will file DRHP for IPO in a few years.
Valuation of the company is likely to be in excess of $800-900 million.
Kotak Securities, JM Financial, BofA-ML and JP Morgan are likely to be bankers for ReNew Power IPO.
Spurt in open interestExide Industries saw the biggest spike in open interest at 52.28 per cent.
Next on the list were Wockhardt Pharma (47.79 per cent) and ICICI Bank (28.82 per cent).Block deal lifts Ruchi SoyaShares of the Mumbai-based cooking oil maker Ruchi Soya rose as much as 20 per cent to Rs 16.05 after 14.5 lakh shares changed hands in a block deal.
The stock eventually closed at Rs 14.35 apiece, up 7 per cent.
This apart, Power Grid ended 1 per cent higher at Rs 209.75 apiece on BSE after 43.7 lakh shares changed hands in a block.