Market Buzz Today: Metal Stocks declined more than 3%, BoB down 3.14%; Dr Reddy's, Alembic, Divis, Laurus Labs hit 52-wk highs
Key equity benchmarks extended losses and hit fresh intraday low in afternoon trade on Monday, January 27, 2020.
Key equity benchmarks extended losses and hit fresh intraday low in afternoon trade on Monday, January 27, 2020. The gains were supported by the movement of the stock, either way. At 2:46 pm, the barometer index, the S&P BSE Sensex fell 389.78 points or 0.94% at 41,236.16. The Nifty 50 index lost 110.85 points or 0.91% at 12,137.40. Similarly, Bank Nifty was down by 366.70 points, or 1.17%, to 30,875.05. List of these Stocks:
Metal shares: Decline as Coronavirus fears intensify, Tata Steel down 3.89%, Vedanta down 3.91%, Hindalco down 3.12%.
JSW Steel: Down 3.48%. Company's net profit declined by 88% to Rs 187 crore in the October to December quarter.
Tilaknagar Industries: Up 4.97%. The company settled the dues of IDBI Bank by paying Rs 16.04 crore towards a full and final settlement of the total dues of Rs 44.13 crore.
Biocon: Up 0.58%. Recovers after a weak opening. Received five observations from the US health regulator for Bengaluru unit.
Bank Of Baroda: Down 3.14%. Reported net loss of Rs 1,407 crore for the quarter ended December 2019.
Lupin: Up 2.55%. Recovers after a weak opening. successful completion of the inspection carried out by the UK regulator at its 3 manufacturing units in Pithampur (India).
Vodafone Idea: Down 2.48%. Drops as India Ratings, CRISIL downgrade ratings on Rs 3,500-cr NCDs.
Varun Beverages: Up 1.04%. Extended gains for the fourteenth consecutive trading session, hit a record high. The company plans to consider raising capital via QIP on February 7, 2020.
Dr Reddy's, Alembic, Divis, Laurus Labs hit 52-wk highs.
Godrej Agrovet up 5.40%.
ADAG stocks trade lower.
Zuari Agro: Up 11.74%. Surges the most in nearly three weeks.
CreditAccess Grameen: Up 1.84%. Gains For Fourth Day, Shares Hit Record High.
UltraTech Cement: Up 0.69%. Extends gain post Q3 results; stock hits over a 7-month high.
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