The Indian market on Monday recovered from the day's lows but closed deep in the red, in line with the weak global market sentiment.

Share Market Live

NSE

The Sensex closed 159 points down at 35,264, with HDFC Bank, Reliance and Lupin at the bottom of the index. The Nifty 50 Index slipped 57 points to close at 10,657, below its 50-day moving average of 10,692 points.

The benchmark 50-stock index hit an intra-day low of 10,605 points and a high of 10,736 points. Financials were top losers, led by the HDFC twins.

Here are the top stocks to watch out for

ITC: The ITC group officially threw open its doors to the luxury hotel, the Kohenur earlier on Monday -- with Telangana Industries Minister KT Rama Rao launching the property at Hitec City.

Bank stocks: Indian banks, including state-owned SBI and Bank of Baroda, have started deploying artificial intelligence (AI) in a big way to improve efficiency, detect human behaviour and reduce operational costs.

Tech Mahindra: IT major Tech Mahindra on Monday said it has partnered with New York City-based cybersecurity company LIFARS to offer advanced managed threat detection and response service for customers.

ICICI Securities: Regulator Sebi is believed to have found ICICI Prudential MF in violation of rules during the last day bidding for IPO of the group firm ICICI Securities and has asked the fund house to pay back Rs 240 crore, with 15 per cent interest, to its five schemes from which the money was taken for the shares.

Mahindra Lifespaces: Mahindra group's realty firm Mahindra Lifespaces' managing director Anita Arjundas on Monday resigned from the company, effective September 30.

Hero MotoCorp: The company's total sales rose by 12.9 percent, at 7.04 lakh units, in the month of June.

Bharti Airtel: Bharti Airtel on Monday said it has crossed the 50 lakh customers' mark in Jammu and Kashmir.

Tata Power: Tata Power on Monday said its subsidiary Tata Power Renewable Energy (TPREL) has commissioned 100 megawatt (MW) capacity at the Anthapuramu solar park in Andhra Pradesh.

TVS Motor Company: The company reported a 15 percent increase in total sales at 3,13,614 units in June.

Oil stocks: The board of state-owned Oil and Natural Gas Corp (ONGC) has given in-principle approval for exploring options for a restructuring of the group firms including the merger of subsidiaries MRPL and HPCL.

PSU Banks: The state-owned banks are likely to set up an asset management company (AMC) for the resolution of loans above Rs 500 crore, The Economic Times reported.

Godrej Group: Godrej Appliances Ltd, the home appliances company of the Mumbai-based Godrej Group, is likely to set up exclusive brand outlets in small towns, Mint reported.

Srei Infra: The NCLT reserved its order in an insolvency plea filed by Srei Infrastructure Finance Ltd against Sterling SEZ & Infrastructure and Sterling International Enterprises, Mint reported.

First Published:Jul 3, 2018 8:10 AM IST