Get App
POST-MARKET REPORT
The benchmark indices climbed to fresh record highs led by buying across the sectors and positive global markets.
At close, the Sensex was up 666.25 points or 0.78 percent at 85,836.12, and the Nifty was up 211.80 points or 0.81 percent at 26,216.
Maruti Suzuki, Tata Motors, Shriram Finance, Grasim Industries, and M&M were among the major gainers on the Nifty, while losers were ONGC, Cipla, NTPC, Hero MotoCorp, L&T.
Among sectors, metal, and auto are up 2 percent each, and FMCG and PSU Bank indices are up 1 percent each. However, the capital goods index was down 0.6 percent.
BSE Midcap index ended flat, while Smallcap index was down 0.4 percent.
STOCKS TODAY
Gensol Engineering: Shares closed 3 percent higher, breaking a nine-day losing run. The trend reversal in the stock comes after its promoter and managing director, Anmol Singh Jaggi lapped up 12,000 company shares, although a marginal stake increase but still enough to usher confidence among investors.
Crompton Greaves: Shares slipped 5 percent after the electric goods player said that the demand is likely to be average in Q2, as compared to Q1. The first quarter saw heavy demand on account of heatwave. Morgan Stanley maintained its ‘Equal-weight’ rating on the stock with a target price of Rs 323 per share, representing a potential downside of over 26 percent from the current market price.
Hero MotoCorp: The stock fell over a percent in trade after UBS reiterated its bearishness on the counter with a sell call as it sees multiple concerns for the two-wheeler major. The international brokerage sees a massive downside of 45 percent from the previous close. The brokerage noted that while wholesale volumes and festive optimism are creating a positive sentiment, these are masking the retail underperformance.
Vedanta: Shares jumped 5 percent after the mining giant announced that its board will meet on October 8 to discuss a potential fourth interim dividend for FY25. If approved, the record date for the dividend has been set for October 16.
Policy Bazaar: The share price extended losses on September 26, falling as much as 2 percent even as media reports claimed that the parent company of Policybazaar is considering a foray into the healthcare sector. The company is said to be in advanced discussions regarding a new model, with an announcement expected soon.
Swan Energy: The company’s share price surged as much as 5 percent due to a spurt in volume. So far in the day, over 71 lakh shares of the company changed hands on BSE and NSE combined, compared to the one-month trading daily average of 13 lakh shares.