Stock Market LIVE: Sensex Rises Over 200 Points, Nifty Rises Nearly 100 Points As Infosys, TCS Lead

Shares of Mazagon Dock Shipbuilders Ltd. rose during early trading on Monday after the Central government gave clearance to the Defence Ministry to begin negotiations for the Rs 70,000 crore deal to buy six submarines to be built in India with German support under 'Project 75 India'.

• Initiate overweight with target price of Rs 745

• From a Regional Leader to a Pan-Indian Champion

• Transforming the Cement Industry

• Enhancing its cost leadership through various initiatives

• Alongside plans to reduce raw material costs by 8-10%

• Believe Ambuja's shares could trade at an 18.5x in bull case scenario, resulting in a price of Rs 1,000

• Implementation of New GST Rates Likely by around September 22

• Rollout expected to coincide with Navratri, starting September 22

• Notifications to begin rolling out 5–7 days after Council’s decision

Alert: All-Powerful GST Council to Meet on September 3–4 in Delhi

Alert: To decide on Centre’s simplified 2-slab proposal: 5% & 18%

Source: People In The Know

On National Stock Exchange, 12 sectoral indices opened higher, three declined out of 15.

Infosys Ltd., Reliance Industries Ltd., Tata Consultancy Services Ltd., Larsen & Toubro Ltd., and Mahindra & Mahindra Ltd. added to the NSE Nifty 50 index.

HDFC Bank Ltd., Bajaj Finserve Ltd., and ICICI Bank Ltd. limited losses.