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POST-MARKET REPORT
India’s benchmark indices Sensex and Nifty climbed higher still, led by an overnight rally in chipmaker stocks that had pushed Wall Street to a record-high close as well.
At close, Sensex was at 77,337.59, up 36.45 points, or 0.05% while Nifty was at 23,516, down 41.90 points, or 0.18%.
Gainers and Losers on Nifty: 39 of the 50 stocks on the Nifty 50 were trading in the red. Titan, Larsen & Toubro, Bharti Airtel, Hindalco, and BPCL, were the top drags, while HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra Bank, and IndusInd Bank were the top gainers.
Gainers and Losers on Sensex: 20 of the 30 stocks on the BSE Sensex were trading in the red. Titan, Bharti Airtel, Larsen & Toubro, Maruti Suzuki India, and NTPC, were the top drags, while Axis Bank, HDFC Bank, Kotak Mahindra Bank, ICIC Bank, and IndusInd Bank were the top gainers.
Sectoral Indices today: The bank and financial services index had surged ahead, led by a rally in private sector banking stocks, and the IT index was also trading in the green. That apart, heavyweight indices like consumer durables, pharma, health, oil & gas, metal, FMCG, and auto were among the top sectoral losers and were trading in the red.
Broader market indices today: The broader market was in the red, with the BSE SmallCap index down 0.53% and the BSE MidCap down 0.85%.
STOCKS TODAY
Ami Organics: The stock surged up to 5 percent on June 19 after it launched a QIP (qualified institutional placement) to raise Rs 500 crore. The company is offering shares in the QIP at a floor price of Rs 1,228.71 per equity share, it said in a stock exchange filing.
Sona BLW Precision: Sona BLW shares jumped over 3 percent after the firm received certification for its traction motor for electric three-wheelers from the Ministry of Heavy Industries under a Production-Linked Incentive (PLI) scheme.
Raymond: Raymond shares sank two percent after proxy advisory firm Institutional Investor Advisory Services urged Raymond shareholders to vote against the re-election of Gautam Singhania as the Chairman and Managing Director (CMD), ahead of the firm’s AGM scheduled on June 27.
Indus Towers: Shares slumped 2.8 percent after Vodafone Group offloaded an 18 percent stake in the company Rs 15,300 crore through block deals. The company plans to use it to repay its existing lenders. Meanwhile, the company’s ownership in Indus Towers was also reduced to 3.1 percent through the stake sale.
ZF Commercial Vehicle Control Systems: Shares tanked 7 percent after a block deal worth Rs 2,287 crore took place on the exchanges. Wabco Asia Private Ltd was the likely seller that offloaded around 14.45 lakh shares or a 7.6 equity stake in ZF Commercial through the block deal. In addition, reports also suggested that post the equity sale, a lock-in period of 120 days will also be triggered for the remaining stake held by Wabco Asia.
Sansera Engineering: Shares rose over 5 percent after multiple block deals worth a total of Rs 750.40 crore. Around 62.53 lakh shares, representing an 11.6 percent stake in Sansera Engineering were sold through the block deals, with two investors–Client Ebene and CVCIGP II Employee Ebene being the likely sellers.