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POST-MARKET REPORT
The Indian equity benchmarks closed more than a percent lower amid selling across the sectors, with small and midcaps hit the hardest. At close, the Sensex ended 790.34 points, or 1.08 percent, lower at 72,304.88 and the Nifty closed at 21,951.20, down by 247.10 points, or 1.11 percent.
The biggest Nifty losers included Power Grid Corporation, Apollo Hospitals, Eicher Motors, and Maruti Suzuki, while gainers were HUL, Infosys, TCS, and Bharti Airtel.
All the sectoral indices ended in the red with auto, oil & gas, power, and realty down by 2 percent each. BSE midcap and smallcap indices fell 2 percent each.
The rupee declined by 3 paise to settle at 82.92 (provisional) against the US dollar.
STOCKS TODAY
Indus Towers: Shares of Indus Towers gained 1.08 percent after Vodafone Idea announced its plans to raise Rs 45,000 crore through equity and debt. The stock has gained on the hopes that some of the funds raised will be used by Vodafone Idea to pay off its debt to Indus Towers.
Torrent Power: The Torrent Power stock fell 2.27 percent even after the company announced that it bagged a project in Solapur, Maharashtra, marking its foray into the transmission segment.
Texmaco Rail: Texmaco Rail and Engineering stock declined 4.33 percent even after the company’s board approved plans to raise to Rs 150 crore through a preferential issue of convertible warrants to its promoters and promoter groups.
SJVN: Shares of SJVN plunged 3.31 percent even after the company’s arm commissioned a 100 MW solar power project in Gujarat. SJVN Green Energy Limited (SGEL), a wholly-owned subsidiary of the company, has commissioned the 100 MW Raghanesda Solar Power Project in the Banaskantha district of Gujarat.
Gensol Engineering: The Gensol Engineering stock soared 7 percent intraday after the company’s subsidiary Gensol Electric Vehicles received the certification and approval for an electric vehicle from the Automotive Research Association of India (ARAI). However, the stock lost its gains and closed at 0.38 percent in the green.
KEC International: Shares of KEC International rallied 3.8 percent with strong volumes in the trading session. As many as 29 lakh shares were traded compared to the monthly average of 5 lakh. CEO Vimal Kejriwal said to CNBCTV18 that the company is looking to achieve Rs 20,000-crore order inflow guidance for FY24.