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The Indian benchmark indices erased some of the intraday gains but managed to close on a positive note for the fourth consecutive session on October 7.
At close, the Sensex was up 136.63 points or 0.17 percent at 81,926.75, and the Nifty was up 30.65 points or 0.12 percent at 25,108.30. About 1780 shares advanced, 2204 shares declined, and 142 shares were unchanged.
Among sectors, energy, oil & gas, pharma, telecom, and consumer durables rose 0.3-2%.
Jio Financial, Bharti Airtel, Eternal, Eicher Motors, and HCL Technologies were among the major gainers on the Nifty, while losers included Trent, Tata Motors, Axis Bank, Tata Consumer, and HUL.
Among the broader market indices, the BSE Midcap index added 0.4% and the smallcap index ended marginally lower.
STOCKS TODAY
IGL
Shares of city gas distribution company Indraprastha Gas (IGL) ended sharply higher by more than 5.8 percent on October 7 on anticipation of benefits from a lower rate of tax on sourcing of gas from Gujarat.
Vodafone Idea
The shares of Vodafone Idea jumped nearly 9 percent, marking a rally of more than 50 percent in just nine weeks, as investors continued to hope for some resolution of the AGR dues of the telecom firm, which was once the Indian subsidiary of UK-based Vodafone Group Plc. This anticipation has coincided with UK Prime Minister Keir Starmer’s visit on October 8-9 for talks with Prime Minister Modi in Mumbai.
KIOCL
The shares of PSU company KIOCL crashed 10 percent to hit the lower circuit on October 7 after a record 51 percent rally over the past three sessions. The sharp fall in the share prices comes as investors may have resorted to profit booking at elevated levels.
Trent
Value retail player Trent Ltd’s shares went down almost 2 percent, after the latest business update for the September quarter failed to impress brokerages, which trimmed their target prices on the Tata group company’s stock.
One97 Communications
The shares of Paytm jumped over 1 percent after the fintech company announced the launch of its AI soundbox for payments. In an exchange filing, Paytm said that it is launching India’s first AI business device for small and medium businesses that would help them operate more efficiently and leverage the power of AI in their everyday operations.
Source – Money Control