Adani Enterprises leads gainers in 'A' group

Kotak Mahindra Bank, Mahindra & Mahindra Financial Services, SBI and HDFC are among the other gainers.

Adani Enterprises jumped 5.77% to Rs 698.65. The scrip topped the gainers in BSE's 'A' group. Adani Enterprises, which is the country's largest coal importing company, last month, entered into a $1.65 billion tripartite pact with an Indonesian firm to source coal. Adani Enterprises also entered into an agreement, last month, to buy the coal assets of Australia's Linc Energy.



Kotak Mahindra Bank jumped 5.58% to Rs 454.95, in a broad-based rally in banking sector stocks. It was the second biggest gainer in A group.

Indian bank stocks surged, in line with their regional peers, after global regulators announced new capital rules that weren't as harsh as some had expected. Sentiment toward lenders also improved as the rules, which won't be introduced for years, took away a key element of uncertainty by easing any immediate pressure on banks to sell new shares to raise capital. Shares of India's biggest commercial Bank in terms of branch network, State Bank of India (SBI), rose 5.52% to Rs 3147.25. It was the fourth biggest gainer in A group.

Mahindra & Mahindra Financial Services jumped 5.53% to Rs 665.75. It was the third biggest gainer in A group.

Housing finance major HDFC rose 5.32% to Rs 664.15. It was the fifth biggest gainer in A group.