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POST-MARKET REPORT
Benchmark indices ended higher tracking a rally in global markets after the US Federal Reserve maintained its projection of three rate cuts this year, boosting investor sentiment.
At close, the Sensex was up 590.60 points or 0.82 percent at 72,692.29, and the Nifty 50 was up 175.70 points or 0.80 percent at 22,014.80.
The biggest gainers on the Nifty 50 included BPCL, NTPC, Tata Steel, Power Grid Corp, and Coal India while the top losers included Bharti Airtel, ICICI Bank, HDFC Life, Maruti Suzuki, and Axis Bank.
All the sectors ending in green, with Nifty Realty and Nifty PSU Bank, rose the most, and Nifty Bank and Nifty FMCG saw the least gains.
In the broader market, BSE Midcap and BSE Smallcap added over 2 percent gains.
STOCKS TODAY
Sula Vineyards: Shares of Sula Vineyards surged 3 percent after Monarch Networth Capital initiated coverage on the company with a ‘buy’ call, based on the firm’s market share, brand recognition, and competitive advantage.
Jupiter Wagons: Shares of Jupiter Wagons gained 3 percent after the company completed the acquisition of Bonatrans India Private Limited (BIPL) for Rs 271 crore through a share purchase agreement with its shareholders.
Wipro: The Wipro stock jumped 1.5 percent after the company appointed Anne-Marie (Annie) Rowland as CEO of British consulting firm Capco, which it acquired in 2021. The firm is one of the world’s largest, independent financial services management consultancy.
Tata Investment Corporation: Shares of Tata Investment Corporation fell 2 percent extending losses to the ninth consecutive session. Three lakh shares changed hands compared to the monthly average of 2 lakh.
Metro Brands: The Metro Brands stock fell 4 percent with strong volumes after gaining 13 percent in the previous session. As many as 16 lakh shares were traded during the day compared to the monthly average of 2 lakh.
Himadri Speciality Chemical: Shares of Himadri Speciality Chemical fell a percent after the company announced it acquired a 40 percent stake in Invati Creations, which engineers lithium-ion electrode materials, for Rs 45.16 crore.
Prince Pipes and Fittings: Prince Pipes and Fittings gained 3 percent after the company entered into an asset purchase agreement with Klaus Waren Fixtures Private Limited and NM Shah.