Amid weak global cues, the market started with weakness today, but during the trading day, the market saw a great recovery from the lower levels and finally the Sensex-Nifty managed to close at the high of the day. Mid and smallcap stocks also saw good gains. BSE Midcap index closed with a gain of 0.29 per cent and Smallcap index by 0.57 per cent today.
In today’s trade, 20 out of 30 stocks of Sensex were seen buying while 31 out of 50 stocks of Nifty were up. On the other hand, 8 out of 12 stocks of Nifty Bank rose. At the end of trading, the Sensex closed at 59,744.88 with a gain of 445.56 points, or 0.75 per cent. On the other hand, Nifty closed at 17,828.30 with a gain of 137.05 points or 0.77 per cent.
The biggest movement in these stocks was
Srei Infra | CMP: Rs 8.20 | Shares of Srei Infrastructure Finance hit a lower circuit of 5% in early trading on October 5. A day earlier, the RBI had removed the company’s board of directors and appointed its administrator. The RBI has taken this step due to the default of Srei Group companies and non-compliance with the rules of governance. RBI has suspended the board of directors of Srei Infra and its wholly associate arm Srei Equipment Finance Limited.
HFCL | CMP: Rs 79.60 | An order worth Rs 287.96 crore has been received from RailTel Corporation of India for the establishment of communication network for the defense sector. Due to this news, the stock has gone up 5 per cent today.
IndusInd Bank | CMP: Rs 1,176.05 | The stock is up 5 per cent today on better deposits and advance figures for the September quarter. In the September quarter, the bank’s net advances grew by 10 per cent year-on-year and deposits by 21 per cent.
Tata Power | CMP: Rs 179.65 | The company has tied up with TVS Motor for setting up electric vehicle charging infrastructure. Due to this news, the stock jumped 6 per cent today.
JSPL | CMP: Rs 421.50 | In the second quarter of FY 2022, the company has seen strong growth in sales and production. The company’s steel sales grew by 32 percent on a quarter-on-quarter basis and 10 percent on a year-on-year basis. Due to this news, its shares closed in the green today.
ICICI Lombard | CMP: Rs 1,553.70 | Today this stock has closed in red mark. The company has announced that French insurance company Axa SA, a major shareholder, has expressed its intention to sell a shareholding of Rs 175 crore in the company at a price of Rs 1,497, Rs 1576 per share.
Ircon International | CMP: Rs 47.90 | Ircon International has informed that it has received a railway project worth Rs 3429 crore in Gujarat from National High Speed Rail Corporation Limited (NHSRCL) along with its JV partner. Due to this news, the stock jumped 6 per cent today.
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