Despite geopolitical concerns, Indian equities gained sharply in Tuesday’s trade. Nifty ended 0.91% higher at 19,690, while Sensex added 0.87% to settle at 66,079. Sectorally, except for the Healthcare index, which saw a minor correction, all other indices ended in the green, with Realty, Metal, and PSU Bank emerging as the outperformers.
Here are the newsmakers that buzzed in trade on October 10.
Sasken Technologies: Shares of the IT-enabled services firm in intraday trade rallied over 10% to hit a fresh 52-week high of Rs 1,446.85. The stock has gained traction since its collaboration with Qualcomm Technologies.
Auto stocks: Stocks from the auto space gained ground in today’s trade after the FADA report said that automobile retail sales in India grew 20% in September. The Nifty Auto climbed over 1%, with Samvardhana Motherson leading the pack with gains of over 3%.
Bharti Airtel Ltd: Shares of the telecom major surged around 3% to Rs 951.65 after the apex court agreed to hear the matter concerning the adjusted gross revenue (AGR) case.
GMDC: Shares of the state-run minerals mining company were frozen at the 20% upper circuit at Rs 383.6 per share. The stock witnessed a spurt in trading volume of over 4.66 times.
Mazagon Dock Shipbuilders: Shares of the shipbuilding entity rallied 5% higher after the company inked an LOI with a European customer.
Realty stocks: As realty players came up with strong Q2FY24 and 1HFY24 business updates, the Nifty Realty index hit its highest levels since 2009, surging over 4%.
KPI Green Energy: Shares of the power utility firm ended with marginal gains at Rs 910.2 even as the company’s Q2 net profit jumped 64% year-on-year (YoY).
Zomato: Shares of the new-age tech firm settled over 2% higher at Rs 106.1 as Swiggy’s services were disrupted in the Mumbai region owing to a strike by its delivery workforce.
Genus Power Infrastructures: Shares of the company ended with gains of 5% at Rs 274 after the company secured a Rs 3,115.01 crore order for smart prepaid meters.
Coal India: Shares of the PSU company ended with sharp gains of over 5% at Rs 303.15 as buying interest in the stock was triggered after Nuvama said that Coal India is a pure domestic play potentially offering the triple benefits of volume growth, improved e-auction prices, and possibly an all-time high dividend in H2FY24.
