NIFTY, SENSEX rally over 1.2%, BANK NIFTY moves closer to 52,000; GAIL, Kotak Mahindra Bank, Reliance among top buzzing stocks

Equity benchmark indices rallied over 1.2% on Monday amid fresh foreign fund inflows, buying in blue-chip stocks and positive trends in the US markets.

At 12:55 pm, SENSEX jumped 979 points to 77,876, while NIFTY accelerated 1.22% to 23,636.

Kotak Mahindra Bank, NTPC, Axis Bank, State Bank of India, and Bajaj Finserv were the top gainers in the NIFTY50 pack.

Titan, IndusInd Bank, Trent, Mahindra & Mahindra and Infosys were among the laggards.

The NIFTY Midcap index rose 1.56%, while the NIFTY Smallcap gained 1.42%.

According to the exchange data, foreign institutional investors (FIIs) picked equities worth ₹7,470.36 crore on Friday.

Buzzing stocks in March 24's trade

The stock climbed as much as 6.48% to ₹186.4 per share on the NSE. At 12:58 pm, it was up 4.21%.

PNGRB is looking to move from three zonal tariffs to two. The zone one tariffs will be applicable for domestic PNG and CNG, and clients beyond 300 kilometres of pipeline will be in zone two.

Bhavnish Lathia, who joined the bank in August 2022, has been appointed as the new chief technology officer (CTO).

In a statement, Ashok Vaswani, MD and CEO of Kotak Mahindra Bank said, "His (Lathia's) leadership will be crucial in ensuring that Kotak remains at the forefront of technological advancements in the banking sector."

The bank also announced that Vyomesh Kapasi will lead the consumer bank.

The price hike is attributed to surge input costs and escalated commodity prices, among other reasons.

"The extent of the price increase will vary across different SUVs and commercial vehicles," the Mumbai-based auto major said in a statement.