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Top 10 stocks that buzzed on Dalal Street today

Top 10 stocks that buzzed on Dalal Street today

Snapping a six-day winning streak, the domestic markets retreated from their highest level in nearly 1-1/2 months.

BusinessToday.In
  • New Delhi,
  • Updated Oct 8, 2015 6:40 PM IST
Top 10 stocks that buzzed on Dalal Street todaySnapping a six-day winning streak, the domestic markets retreated from their highest level in nearly 1-1/2 months. (Photo: Reuters)

Snapping a six-day winning streak, the domestic markets retreated from their highest level in nearly 1-1/2 months on Thursday on emergence of selling in FMCG, banking, capital goods and healthcare stocks while a lack of announcements on restructuring power distributors' burgeoning loans also weighed.

The S&P BSE Sensex ended the day at 26,845.81, down 190.04 points, while the broader 50-share Nifty index closed at 8,129.35, down 48.05 points.

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Below are the key stocks that remained in focus today:

 

  • Tribhovandas Bhimji Zaveri: Shares of TBZ moved higher by 17% after the company announced an arrangement with Snapdeal to showcase their high quality diamond jewellery and gold coins anytime, anywhere on online marketplace. The stock ended at Rs 134.80, up 9.59 per cent.
  • Man Industries: The shares of Man Industries ended 5.07 per cent higher after the company received orders worth Rs 700 crore for supply of pipes for oil, gas and water sector projects from international as well as domestic customers.
  • Reliance Industries: The scrip of RIL ended the day at Rs 889.15, down 2.70 per cent after hitting an intraday low of Rs 886.60, down 2.99 per cent. The stock fell in late afternoon trade after draft prospectus from DeGolyer and MacNaughton (D&M) suggested that there was extraction of gas by RIL from state-run Oil and Natural Gas Corporation's (ONGC) KG block.
  • Glenmark Pharmaceuticals: Shares of Glenmark Pharma slipped over 4 per cent in trade after the Delhi High Court restrained pharma major from manufacturing and selling its anti-diabetes drugs Zita and Zita-Met. The stock closed at Rs 993.20, down 3.84 per cent.
  • ITC: Index heavyweight and India's biggest cigarette maker ITC ended the day 2.06 per cent down at Rs 339.15 on media reports of a ban on loose cigarettes in Uttar Pradesh. The stock was the top Sensex loser in the early trade.
  • Dewan Housing Finance Corporation: Shares of DHFL fell over 2 per cent in trade on Thursday after the mortgage lender joined the rate cut war with bigger rivals by slashing its lending rate to 9.55 per cent to new borrowers for a limited period. The scrip settled at Rs 222.10, down 1 per cent.
  • DLF: Shares of realty major surged over 2 per cent on Thursday ahead of the board meeting to review and consider various strategic and financial options to drive sustainable and long-term growth and development of rental business. The stock ended flat at Rs 138.65.
  • Ballarpur Industries: Shares of BILT ended at Rs 16.64, up 3.55 per cent after surging over 6.22 per cent intraday as ratings agency Standard & Poor's revised outlook on the company and its core subsidiary Bilt Paper BV to positive from stable on the back of its exit from Malaysian unit Sabah Forest Industries.
  • HCL Infosystems: Shares of HCL Infosystems shot up 10 per cent in trade on Thursday after Derive Investments, an investment company run by Radhakishan Damani, bought nearly two percentage point's stake in the company at an average price of Rs 49.38 apiece through open market. The stock closed the day at Rs 56.90, up 9.95 per cent.
  • Force Motors: Shares of Force Motors closed the day 7.67 per cent higher at Rs 3,041, continuing their winning spree over the past five sessions. The stock has gained over 30 per cent over the past week on expectations of a pickup in discretionary spend in the economy and a revision of circuit limits for the stock.

 

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: Oct 8, 2015 5:38 PM IST
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