After opening the day on a bullish note, Indian share markets continued their momentum as the session progressed and ended the day higher.

Benchmark indices extended their winning ways into the fourth straight day on Monday, with the BSE Sensex breaching the 65,000 mark for the first time ever, propelled by bullish global market trends and foreign fund inflows.

At the closing bell, the BSE Sensex stood higher by 487 points (up 0.8%).

Meanwhile, the NSE Nifty closed up by 134 points (up 0.7%).

Grasim and BPCL were among the top gainers today.

Sun Pharma and Cipla on the other hand, were among the top losers today.

Check out the NSE Nifty heatmap to get the complete list of gainers and losers.

The GIFT Nifty was trading at 19,446, up by 101 points, at the time of writing.

Broader markets ended higher. The BSE Midcap index ended 0.3% higher and BSE SmallCap ended 0.6% higher.

Sectoral indices ended on a mixed note with stocks in the oil & gas sector and energy sector witnessing most of the buying.

On the other hand, stocks from the power sector and auto sector witnessed selling pressure.

Shares of HDFC and M&M hit their 52-week highs today.

Now track the biggest movers of the stock market using the stocks to watch today section. This should help you keep updated with the latest developments...

Asian stock markets ended on a mixed note. The Nikkei ended higher by 1.7%, while the Hang Seng ended 2.06% higher. The Shanghai Composite ended 1.3% higher.

The rupee is trading at 81.9 against the US$.

Gold prices for the latest contract on MCX are trading 0.3% lower at Rs 58,054 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading marginally lower at Rs 69,993 per kg.
 

Mazagoan Dock hits 52-week high. Here's why

In news from the defense sector, shares of Mazagon Dock Shipbuilders soared 8% today after the company signed a contract worth Rs 27.3 with the Ministry of Defence.

The contract is for restoring INS Shankush, a submarine of the sub-surface killer (SSK) class. The delivery of the restored submarine is set for 2026.

The Indian Navy also announced that INS Shankush will be combat-ready and join the active fleet with its upgraded combat abilities.

The news of the contract lifted volumes in the counter, which further aided the rally.

Mazagon Dock Shipbuilders is a Mini-Ratna-I status public sector undertaking (PSU) under the Ministry of Defence, Government of India.

The company has delivered multi-bagger returns in the last year. With an increase of over 400%, the stock stands out as one of the top performers in the BSE 50.

With strong signs of a bull market ahead, Mazagon Dock is among the top 5 stocks to watch out for in anticipation of the bull market.

Speaking of the defense sector, note that the government's Atmanirbhar Bharat Abhiyan has emphasized the need for self-reliance in security space.

We believe the defense sector could produce the next set of multi-bagger stocks over the long run.
 

TVS Motors June Sales Climb

Moving on to news from the auto sector, TVS Motor today reported a 3% growth in total sales at 316,411 units in June 2023 compared to the same month last year. The company sold 308,501 units in June 2022.

Total two-wheeler sales last month were at 304,401 units as against 293,715 units in June 2022, a growth of 4%.

Domestic two-wheeler sales registered a growth of 22% at 235,833 units as compared to 193,090 units in the year-ago month.

Motorcycle sales registered a 2% rise to 148,208 units from 146,075 units in the same month last year, while scooter sales posted a growth of 11% at 121,364 units in June 2023 against 109,878 units a year back.

Its electric scooter TVS iQube Electric recorded sales of 14,462 units in June 2023 over sales of 4,667 units in June 2022.

The company is one of the best two-wheeler EV stocks in India.

TVS Motor manufactures two-wheelers, from mopeds to racing-inspired motorcycles. The company also manufactures three-wheelers.

Note that the electric vehicle (EV) megatrend is a once-in-a-century revolution happening right in front of us.

The revolution has taken the auto sector by storm. All segments of the sector are ripe for disruption, and India's top EV stocks are set to benefit from this shift.
 

Alembic Pharma gets 5 USFDA nods

Moving on to the news from the pharma sector, Alembic Pharmaceuticals on Monday announced that it received US Food & Drug Administration (USFDA) approvals on five of its Abbreviated New Drug Applications (ANDA) in the first quarter of 2023-24.

The company has received four final approvals that include Bepotastine Besilate Ophthalmic Solution, 1.5%, Nadolol Tablets USP, 20 mg, 40 mg, and 80 mg, Carboprost Tromethamine Injection USP, 250 mcg/mL Single-Dose Vials, Doxercalciferol Injection, Multiple-Dose Vials.

Besides these, the company has received one tentative USFDA approval for Doxycycline Capsules, 40 mg.

Alembic has received a cumulative total of 184 ANDA approvals from the USFDA.

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