Defying expectations, the shares of Tata Consultancy Services (TCS), along with Tata Elxsi, the two big names to report their results, declined significantly.
The Nifty Bank is at the forefront of the surge today, as the index is up over 300 points, with Axis Bank, SBI, Canara Bank, and HDFC Bank are among the gainers.
Some of the biggest gainers among the Nifty 500 stocks are Reliance Power, Jyoti CNC, Tata Communications, Yes Bank, and Redington among others
Today is also the listing of WeWork India, whose ₹3,000 crore IPO managed to see full subscription on the final day due to institutional bidding, as NII and retail portions remained undersubscribed.
Watch this space for all the Live updates.