D-Street Newsmakers: Nykaa, Paytm, BEL among stocks that hogged limelight today
Indian equities in Wednesday’s session ahead of the crucial US Fed minutes ended on a positive note. Nifty at the close ended higher by 68.75 points or 0.31 per cent at 22,597.8, while Sensex ended with gains of 0.36 per cent or 267.75 points at 74,221.06.
Investors are optimistic about stable Q4 earnings and easing election jitters that had previously increased volatility. Nevertheless, markets may underperform in the short term as they wait for the election outcome, with FIIs staying on the sidelines, said Vinod Nair, Head of Research, Geojit Financial Services.
Sectorally, FMCG space led the gains as the buying interest has increased due to the potential for an early onset of monsoon.
Apollo Tyres
After a block deal in the counter in pre-opening block deal window, wherein 3.5 per cent equity changed hands, shares of the tyre manufacturer ended higher by nearly 2 per cent at Rs 490.75.
Page Industries
The innerwear maker is slated to report its Q4 earnings tomorrow and ahead of its release, shares of the company ended with sharp gains of over 3 per cent at Rs 36,280.
ONGC
As brokerages remained split on the company’s outlook, its shares ended with a cut of 0.7 per cent at Rs 278.
Bharat Electronics
Backed by strong Q4 earnings and robust FY25 outlook, shares of the defence major after notching a fresh high in intraday trade ended higher by over 3 per cent at Rs 283.65.
Paytm
Even as the company’s loss widened to Rs 550 crore in Q4, shares of the company ended higher by 5 per cent at Rs 368.85.
ITC
The cigarette-to-hotel conglomerate is set to release its Q4 numbers tomorrow and ahead of it shares of the company ended higer by over 1 per cent at Rs 439.75.
Nykaa
Ahead of the release of its Q4 earnings expected later today, shares of the e-commerce retailer ended higher by 1 per cent at Rs 179.35.
Talbros Automotive
Shares of the auto ancillary company ended higher by 7 per cent at Rs 336.15 after notching fresh 52-week high as the company reported strong Q4 earnings.
Grasim Industries
Shares of the company ended weak by 0.6 per cent at Rs 2,432.95 even as it is scheduled to report its earnings later today.
Sun Pharma
After the company's earnings were released just before market hours today, shares of the scrip settled flat with a negative bias at Rs 1540.30.