Sensex, Nifty Erase Gains Led By Weakness In Auto Stocks
Metal stocks were outperforming the benchmarks, the S&P BSE Metal Index was the top sectoral gainer, up 1.6 percent.
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Closing Bell
Indian equity benchmarks were little changed for second day in a row as gains in ICICI Bank, Larsen & Toubro and Reliance Industries were offset by losses in HDFC Bank, Infosys and Maruti Suzuki.
The S&P BSE Sensex was little changed at 33,793 and the NSE Nifty 50 Index was little changed at 10,443. The mid-cap and small-cap shares outperformed their large cap counterparts as the S&P BSE MidCap Index rose 0.5 percent and the S&P BSE SmallCap Index advanced 0.98 percent.
Fourteen out of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Capital Goods Index's 1.5 percent gain. On the flipside, the S&P BSE Auto Index was the top sectoral loser, down 0.55 percent.
European Shares Advance
Fab Four Stocks Of The Day
- Sagar Cements: Shares of the Andhra Pradesh cement maker rose as much as 14 percent, the most since Nov. 2016, to Rs 1,048 after Ventura Securities re-initiated coverage on the stock with a ‘Buy’ for target price of Rs 1,715. Ventura sees strong revenue growth and expect volumes to grow at a CAGR of 19 percent over FY20.
- Aarti Drugs: Shares of the Mumbai-based drug maker more than 12 percent to record high of Rs 714.50 after the company informed stock exchanges that its board of directors will meet on Jan. 8 to discuss share buyback proposal.
- Gallant Ispat: The Gujarat-based steel maker was locked in a 10 percent upper circuit at Rs 274.85 for third day in a row after SEBI revoked its earlier order classifying it as shell company.
- MEP Infra: The Mumbai-based road construction company rose as much as 14 percent 23 lakh shares (1.4 percent equity) changed hands in two blocks.
Stocks Moving On Heavy Volumes
Disa India
- Stock was rose as much as 20 percent to reach its daily limit, to Rs 7,500
- Trading volume was 56.2 times its 20-day average.
Gloster
- Stock rose as much as 19.2 percent to Rs 740.85.
- Trading volume was 55.5 times its 20-day average.
Ador Welding
- Stock rose as much as 19.6 percent to Rs 615.
- Trading volume was 28.9 times its 20-day average.
Cheviot Co
- Stock rose as much as 18.2 percent to Rs 1,490.
- Trading volume was 26.4 times times 20-day average.
Ambika Cotton Mills
- Stock was rose as much as 20 percent to reach its daily limit, to Rs 1,655.55.
- Trading volume was 9.6 times its 20-day average.
Tasty Bite Eatables
- Stock was rose as much as 20 percent to reach its daily limit, to Rs 9,420.60.
- Trading volume was 12.1 times its 20-day average.