D-Street Newsmakers: IT stocks, Waaree Renewable, and Sanghvi Movers among 10 stocks that buzzed the most today
Sensex recorded gains of 0.63 per cent or 431 points, to end the session at 69,296. Meanwhile, Nifty Bank also rallied to an all-time high in intra-day trade.
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04:44 PM IST
Indian equities, after a mild hiccup in the mid-session given the overbought condition, staged a smart recovery. Nifty50 advanced by 168.30 points and settled at 20,855.10, while Sensex recorded gains of 0.63 per cent or 431 points, to end the session at 69,296. Meanwhile, Nifty Bank also rallied to an all-time high in intra-day trade.
Here are the most notable stocks in today's trade:
Ambuja Cements: Shares of Ambuja Cements, now owned by Adani Group, ended over 7 per cent higher at Rs 509.05 after acquiring Sanghi Industries.
Swan Energy: Shares of the company ended 6.74 per cent higher at Rs 446.40 apiece on the BSE post-block deals.
IT stocks: Barring TCS, all of the constituents of the Nifty IT pack ended in the red. The stocks slipped in the trade as operations in these companies were disrupted due to Cyclone Michaung.
JK Paper: Shares of the paper company ended over 6 per cent higher at Rs 394.15 amid heavy volumes in the counter.
Metal stocks: Propelled by gains in its constituent Adani Enterprises, Nifty Metal gained a substantial 3 per cent.
OMC stocks: OMC stocks, including the likes of BPCL, IOC, and HPCL, hit their fresh 52-week highs in intra-day trade, tracking broader gains. Crude prices hovered near two-weak lows and were little changed today. Uncertainty over voluntary output cuts by OPEC+, continued tension in the Middle East, and weak economic data from the US are keeping crude oil in a range.
Sanghvi Movers: The construction vehicle company wins a legal battle as the Bombay High Court dismisses the VAT/Sales Tax department’s appeal, rejecting the Rs 120.26 crore demand for FY 2008–09. The shares settled over 2 per cent higher at Rs 819.
Easy Trip Planners: Shares of the travel services firm ended a tad higher at Rs 39.07 as the company introduced the ‘Winter Carnival Sale,’ offering discounts on flights, hotels, buses, cabs, and holidays until December 9, 2023.
Shree Digvijay Cement: Shares of the cement company ended with a cut of over 1 per cent at Rs 89.96 per share after the company's CEO resigned.
Waaree Renewable: Shares of the renewable energy company ended with a cut of 1 per cent at Rs 1,447.25 even as the company secured a solar project.
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