Bajaj Auto, Reliance, Rise
The Instanex Skindia DR Index (ISDI), which tracks 15 actively-traded Indian depository receipts, surged by 2.72 per cent to 651.12 during mid-session trades in London on Monday.
The global depository receipts (GDRs) of State Bank of India rose by 4.55 per cent to $23. Bajaj Auto added 2.59 per cent to $11.90, Reliance Industries soared by 2.37 per cent to $15.10, while Hindalco added 1.49 per cent to $17.
However, ITC shed 0.29 per cent to end at $17.35, while Larsen & Toubro declined by 0.18 per cent to $11.38.
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Ranbaxy witnessed heavy trades during mid-session trades, registering volumes of 3,26,000 GDRs. On Friday, the ISDI rallied smartly by 1.95 per cent to 645.86. The ISDI P/E ratio also shot up by 1.73 per cent to 13.07.
Asian indices registered strong gains on Monday, following impressive performance by US markets on Friday.