Sensex, Nifty Extends Record Run For Fourth Session As Lenders Lead
A trader is reflected in a monitor on a trading floor. (Photographer: Michael Nagle/Bloomberg)

Sensex, Nifty Extends Record Run For Fourth Session As Lenders Lead

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Closing Bell: Sensex, Nifty Extends Record Run For Fourth Day In A Row As Lenders Lead

Indian equity benchmarks extended record closing streak for the fourth straight trading session.

The S&P BSE Sensex rose 0.02 percent to end at 41,681.54 and the NSE Nifty 50 rose 0.1 percent to close at 12,271.80. The broader markets represented the NSE Nifty 500 rose 0.13 percent.

The market breadth, however, was tilted in favour of sellers. About 875 stocks advanced and 903 shares declined on National Stock Exchange.

Eight out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty PSU Bank Index’s 2.3 percent gain. On the flipside, the NSE Nifty Auto Index was the top sectoral loser, down, 0.39 percent.

Stocks Moving On Heavy Volumes

Varroc Engineering

  • Stock rose as much as 11.5 percent to Rs 465.
  • Trading volume was 14 times its 20-day average.

MOIL

  • Stock rose as much as 4.5 percent to Rs 145.85.
  • Trading volume was almost seven times its 20-day average.

Ajanta Pharma

  • Stock fell as much as 1.3 percent to Rs 953.80.
  • Trading volume was more than six times its 20-day average.

Bajaj Consumer Care

  • Stock swung from a fall of as much as 4.5 percent to gain as much as 3.2 percent.
  • Trading volume was four times its 20-day average.

Fab Four Stocks Of The Day

Kolte-Patil Developers

  • Stock rose as much as 5.4 percent to Rs 265.85.
  • Pabrai Group increases stake to 9.23 percent from 7.09 percent.

Lemon Tree Hotels

  • Stock rose as much as 4.7 percent to Rs 63
  • Opens its first international 144-room hotel in Dubai

Cadila Healthcare

  • Stock rose as much as 2.5 percent to Rs 268.20.
  • Receives 0 Form 483 observations for Ahmedabad Plant
  • Plant is a topical manufacturing facility

Mindtree

  • Stock rose as much as 3.6 percent to Rs 792.
  • Fresh longs seen with high OI of 26 percent.

Bloomberg Exclusive: Embassy REIT Said To Pick Kotak, Morgan Stanley For Fundraising

Embassy Office Parks REIT picked Kotak Mahindra Bank Ltd. and Morgan Stanley to help raise funds for a potential acquisition of commercial property assets in India, Bloomberg reported quoting people familiar with the matter.

“The trust selected the banks as advisers, said the people, There’s no final decision on the size and structure of the financing, which could be a combination of debt and issuance of new units,” people who asked who asked not to be identified as the discussions are private told Bloomberg.

Linde India Falls The Most In A Month

Shares of Linde India fell as much as 4.5 percent, the most since Nov. 21, 2019, to Rs 654.

The stock declined 2.7 percent in the past 12 months compared to a 15 percent advance in the Sensex, according to Bloomberg data.

Dish TV Surges The Most In Nearly Two Weeks

Shares of Dish TV India rose as much as 11.4 percent, the most since Dec. 9, 2019, to Rs 14.65.

The stock rose 7 percent in the past five days and fell 14 percent in the past 30 days according to Bloomberg data. The scrip traded at 23 times its estimated earnings per share for the coming year, Bloomberg data showed.

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