Shares of Gensol Engineering hit the upper circuit on Monday as equity benchmark indices Sensex and Nifty climbed in early trade on Monday amid a rally in Asian markets. The counter opened at Rs 895.40 and went on to surge 5 per cent to hit the upper circuit of Rs 929.65.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

The counter of Gensol Engineering, which has a market cap of Rs 3,520, has a 52-week high of Rs 1,377.10 and a 52-week low of Rs 311.69.

In Asian markets, Seoul, Tokyo, and Hong Kong were trading in the positive territory while Shanghai quoted lower.

Wall Street ended on a mixed note on Friday.

Global oil benchmark Brent crude declined 0.74 per cent to USD 86.64 a barrel.

"The biggest positive for the market in the near-term is that the feared escalation in the Israel-Iran tension is unlikely to happen. The decline in Brent crude from $90 to $87 is a confirmation of this expected de-escalation," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services Foreign Institutional Investors (FIIs) turned buyers on Friday and they bought equities worth Rs 129.39 crore, according to exchange data.

The BSE benchmark climbed 599.34 points or 0.83 per cent to settle at 73,088.33 on Friday. The NSE Nifty jumped 151.15 points or 0.69 per cent to 22,147.

With PTI inputs