News for Mukand Engineers Limited (MUKANDENGG.BO)

Benchmark indices held minor cuts in Monday's session, tracking weakness in global markets as investors feared steeper rate hikes by the US Fed. Besides, the RBI, too, is scheduled to announce its rate hike decision on Wednesday.

Benchmark indices extended gains on Monday on the back of buying in auto and construction stocks. The BSE Sensex rose over 450 points or 0.84% to 54,782, and the NSE Nifty 50 gained 104 points to 16,370.

Indian benchmark indices pared gains in noon deals on Monday, owing to weakness in select index heavyweights like Infosys and ITC. The BSE Sensex which touched an intraday high of 53,428, was up around 200 points near the 53,000-mark. The NSE Nifty 50 was up 50-odd points.

Indian equity markets continued to trade in the red on Monday amid weak global cues. A total of 88 stocks hit 52-week high on the Bombay Stock Exchange, while 121 scrips were at fresh lows intraday.

Tracking weak global sentiment, Indian benchmark indices started the week with deep cuts. The BSE Sensex was down 300 points to 56,740, while the NSE Nifty 50 continued to test the 17,000-mark.

BSE Sensex and Nifty 50 were trading nearly half a per cent down on Monday, on the back of selling in ICICI Bank, HDFC, Kotak Mahindra Bank, SBI and RIL, among others

BSE Sensex and NSE Nifty 50 were trading over 1 per cent higher on Monday, on the back of buying in Infosys, HDFC Bank, ICICI Bank, State Bank of India, and HDFC, among others.

The two large corporate houses, along with six others, accounted for 30 per cent of the total wealth generated on BSE during the eight-month period.