Domestic markets rose to a seven-week high on Friday tracking a rally in Asian markets after minutes from the Federal Reserve's latest meeting quelled expectations of an imminent US rate hike.
The S&P BSE Sensex ended the day at 27,079.51 level, up 233.70 points, while broader 50-share Nifty index closed 60.35 points up at 8,189.70.
Here are top stocks that remained in focus today:
- Future Group companies: Shares of Future Group companies Future Retail, Future Consumer Enterprise and Future Lifestyle Fashion rallied up to 13% on BSE after the Kishore-Biyani led Future Group tied up with Yoga guru Baba Ramdev's Patanjali Ayurved to sell its products at the brick-and-mortar stores of the group's retail outlets across the country. Stocks of Future Retail, Future Consumer and Future Lifestyle closed 0.47 per cent, 8.59 per cent and 1.03 per cent higher, respectively.
- DLF: Shares of DLF surged 3 per cent on BSE after the company's board of directors allowed promoters KP Singh family to sell their 40 per cent stake in its rental arm DLF Cyber City Developers (DCCDL) for an estimated Rs 14,000 crore to institutional investors. The stock ended flat at Rs 139.80.
- Amtek Auto: Shares of Amtek Auto fell over 3 per cent on BSE after debt-ridden auto firm pledged an additional 4.37 per cent stake in its subsidiary Castex Technologies towards short-term borrowing needs. The stock ended 2.80 per cent down after touching an intraday low of Rs 43.10, down 3.36 per cent, on the Bombay Stock Exchange.
- Vedanta: Extending its rally for the sixth straight session, shares of Vedanta surged nearly 13 per cent on Friday tracking a spurt in copper, aluminium and zinc prices globally. The scrip was the top Sensex gainer and ended 11.58 per cent higher at Rs 103.60.
- Housing finance companies: Shares of housing finance companies such as GIC Housing Finance, Dewan Housing Finance Corporation, LIC Housing Finance and HDFC gained as much as 9.3 per cent after the RBI said that banks can now provide loans up to 90 per cent for properties that cost Rs 30 lakh or below.
- Hindustan Zinc: Shares of Hindustan Zinc climbed 6 per cent in Friday's trade after Glencore, a global commodity giant, said it would cut zinc production by 5,00,000 tonnes, or around 4 per cent of global supply, in its latest move to withstand weak commodities prices. The scrip settled at Rs 150.10, up 3.37 per cent.
- Suzlon Energy: Shares of Suzlon Energy surged over 11 per cent in trade on Friday after the wind turbine manufacturer secured an investment credit rating for its long-term loan facilities after about three years. The stock ended 8.13 per cent higher at Rs 23.95 after rising as much as 11.2 per cent to Rs 24.65.