Business: The domestic stock market finally closed with a strong gain on Monday, the first session of the trading week. The benchmark Sensex of the Bombay Stock Exchange (BSE) closed at a level of 81,698.11 with a strong gain of 611.90 points. Similarly, the National Stock Exchange (NSE) index Nifty 50 also closed at the level of 25010.60 with a jump of 187.45 points. The broader indices closed in mixed territory, with gains led by large-cap and mid-cap stocks.

Who benefits the most and who loses the most

Hindalco, NTPC, HCL Technologies, Bajaj Finserv and ONGC were among the top gainers on the National Stock Exchange's Nifty, while losers included Apollo Hospitals, Hero MotoCorp, Adani Ports, Eicher Motors and Nestle India. Besides, all sectoral indices closed in the green, with metals, oil and gas, realty gaining 1-2 per cent. The BSE midcap index rose 0.5 per cent, and the smallcap index rose 0.2 per cent.

These companies were in the news

GlaxoSmithKline Pharmaceuticals has received a favourable order from the Punjab state GST authorities, resulting in dismissal of show cause notice proceedings. Meanwhile, shares of Paytm's parent company One97 Communications fell nearly 9% on Monday as new regulatory issues for the company were revealed. Investors welcomed US Fed Chair Jerome Powell's Jackson Hole speech last Friday, in which he indicated that the time for policy accommodation had come.

The total market capitalisation of BSE-listed companies rose to a record ₹462.3 lakh crore from around ₹460 lakh crore in the previous session, making investors richer by over ₹2 lakh crore in a single session. Of the 4,169 stocks traded, 391 hit a fresh 52-week high, and 22 hit a fresh 52-week low. Additionally, 475 stocks closed in the upper circuit limit, and 257 stocks hit the lower circuit.