Top stock movers — RIL, TCS, Vedanta, Tata Steel, ITI, Hero Motocorp and more

• The 30-share index was trading 1.17% higher, and the NSE Nifty rose 134.10 points at 10:00 am.
• Here’s a list of the top losers and gainers in the Nifty pack.
• These are the top stocks that are buzzing in trade today.
• Check out the latest news and updates on Business Insider.

Indian stock market indices, Sensex rallied over 400 points in early trade on Monday, led by IT, bank and auto stocks.

The 30-share index was trading 1.17% higher, and the NSE Nifty rose 134.10 points at 10:00 am.

Here’s a list of the top losers and gainers in the Nifty pack.

*as of October 5, 10:00 am

These are the top stocks in news today.

TCS rallies 5%

The shares of IT major TCS rallied over 5% after the company said it would consider a buyback on October 7. The stock surpassed its previous high of ₹2,554 and was trading at ₹ 2,623 at 9:40 am.

ITI gains 5%

The central government-owned Indian Telephone Industries Limited, commonly known as ITI Limited, soared 5% after it bagged a ₹7,796 crore deal for the supply of Army Static Switched Communication Network (ASCON).

Reliance Industries up 1%

RIL shares gained nearly a percent after the Mukesh Ambani-owned company cleared yet another hefty cheque from UAE-based Mubadala on Thursday. The Retail arm of RIL has also secured a deal with Singapore’s sovereign wealth fund GIC and global private equity firm TPG Capital. The company said GIC would invest ₹5,512 crore for a 1.22% stake, while TPG Capital Management will invest ₹ 1,838 crore in owning a 0.41% equity stake in the retail arm.

Vedanta open 2% higher

The shares of Vedanta Limited opened 2% higher as the reverse book building process for buyback of shares began today. The company said the process would remain open for public shareholders until October 9.

Hero Motocorp up over 2%

The shares of two-wheeler giant Hero Motocorp were trading over 2% higher after robust sales growth in September. The company recorded a 17% growth in its sales compared to the same period last year.

Solar Industries gained 6%

The shares of Solar Industries has gained over 6% after it secured a ₹409 crore order from the central government for the supply of Multi-Mode Hand Grenade (MMHG).

Tata Steel gains 5%

The shares of Tata Steel gained over 5% after news reports surfaced that China's steelmaker Jingye Group has expressed interest in acquiring Tata Steel UK.

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Top stocks to watch— RIL, TCS, HCL Tech, Hero MotoCorp, Vedanta, Solar Industries, ITI and others