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POST-MARKET REPORT
Nifty and Sensex ended today’s trading session on a strong note after almost all indices edged higher, largely led by a sharp surge in auto and pharma stocks.
At close, the Sensex was up 0.49 percent at 80,351 and the Nifty was up 0.46 percent at 24,433. About 1,753 shares advanced, 1,686 shares declined, and 79 shares unchanged.
Top gainers on the Nifty included Maruti Suzuki, M&M, ITC, Titan Company, and Divis Labs, while losers were ONGC, Tata Consumer, Reliance Industries, Shriram Finance, and Bajaj Finance.
Among individual sectors, auto rallied over 2 percent, being the best performer. Other sectors that significantly contributed to the rally were FMCG, Pharma, Realty, Healthcare, and Public Sector Banks, all rising 1 percent. The IT index fell 0.2 percent, the only laggard among indices.
The broader markets, which include midcap and smallcap indexes rose 0.3 and 0.2 percent, underperforming the headline indices.
STOCKS TODAY
Mahanagar Gas: The company gained over 2 percent, a day after the city gas distributor announced a hike in prices for CNG and domestic piped natural gas (PNG) in and around Mumbai starting today to offset the rising input cost.
Jupiter Wagons: Shares fell almost 3 percent in early trade, a day after the company informed that its Fund Raising Committee has approved the launch of a qualified institutional placement (QIP), setting the floor price at Rs 689.47 per equity share.
Texmaco Rail: Shares slumped over 4 percent on account of profit booking. This decline wasn’t unique to Texmaco; several railway stocks experienced losses of up to 5 percent as investors locked in gains following a sharp rally ahead of the upcoming Budget.
Kalpataru Projects International: Shares rallied 3 percent after the board approved a proposal to set up a fundraising limit of up to Rs 1,600 crore by way of issuance of secured or unsecured redeemable non-convertible debentures.
Maruti Suzuki India: Shares surged nearly 5 percent, emerging as the top Nifty gainer following the Uttar Pradesh (UP) government’s announcement of a complete waiver of registration tax on strong hybrid electric cars (HEVs) and plug-in hybrid electric vehicles (PHEVs) with immediate effect.
PC Jeweller: Shares skyrocketed 10 percent after a block deal took place on the counter. A total of 1.9 million shares of PC Jeweller changed hands in bunched trade, according to Bloomberg data. The details of the buyers or sellers were not immediately known.