Shares of Ircon International slumped 10.57% to Rs 95.15 after the company said its board deferred the agenda to issue bonus shares.
Axis Bank, ICICI Bank, SBI, Bajaj Finance and IndusInd Bank were among major gainers on the Nifty.
Banking stocks were trading in the positive zone, with the S&P BSE BANKEX index rising 664.84 points or 1.63% at 41500.74 at 09:48 IST.
Indian benchmark indices did a gap up opening on Monday as Sensex jumped 462 points at 52,009. The broader market index Nifty50 opened at 15,290 up 125 points on the back of strong global cues.
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Here is the list of top stocks that could be in focus on February 15.
Domestic equity markets are likely to open higher on Monday tracking mixed global cues.
All non-life insurance companies had underwritten direct premium of Rs 17,333.70 crore in the same month last year
Benchmark equity indices BSE Sensex and NSE Nifty ended flat on Friday ahead of macroeconomic data later in the day.
Motherson Sumi Systems Ltd is quoting at Rs 190.1, up 6.02% on the day as on 12:49 IST on the NSE. The stock is up 52.2% in last one year as compared to a 24.88% jump in NIFTY.