The domestic markets wiped out all its intraday gains and ended lower in trade on Wednesday on global growth concerns as a survey in Europe showed euro zone business growth remained tepid in October, with the European Central Bank's massive stimulus program having little apparent impact on economic activity or price pressures.
The S&P BSE Sensex
ended the day 37.67 points at 26,552.92 after rising over 200 points in the morning trade, while broader CNX Nifty
settled below its crucial psychological level of 8,050 after reclaiming 8,100 level in the early trade.
Here are top stocks which will remain in focus today:
- Tata Motors: Tata Motors was the best-performer on Sensex and Nifty and ended 6 per cent higher, hitting its highest intra-day level since July 13, driven by strong Jaguar Land Rover sales in North America in October.
- IOC: Shares of Indian Oil ended 2.16 per cent up after the company said it will invest about Rs 1,800 crore to upgrade its Koyali refinery to produce fuel compliant with Euro-IV emission norms, a top official said on Tuesday.
- Nestle India: Shares of Nestle India surged nearly 4 per cent in trade on Wednesday after the company said 100% of the samples sent from newly manufactured stocks tested by three laboratories have been cleared. The stock ended flat after hitting an intraday high of Rs 6479, up 3.92 per cent on BSE.
- DLF: Shares of DLF surged over 4 per cent after Supreme Court rejected the market regulator Sebi's plea to prevent DLF from selling stake in its rental arm. The ruling came a day after it posted a 21 per cent jump in quarterly profit on lower costs even as home sales are slow to pick up in a recovering economy. The stock ended 1.66 per cent higher after hitting an intraday high of Rs 125.60, up 4.53 per cent on BSE.
- Bombay Dyeing and Manufacturing: Shares of Bombay Dyeing and Manufacturing ended 2.48 per cent down after the company said its loss widened to Rs 65.64 crore for the quarter ended September 30, 2015, against that of Rs 34.43 crore in the same period of previous fiscal.
- Hexaware Technologies: Mid-sized IT services company Hexaware Technologies rose over 4 per cent on Wednesday after it said its consolidated net profit rose by 29.8 per cent to Rs 111.6 crore for the July-September quarter of this year, helped by all-round growth across verticals and geographies.
- GAIL: Shares of GAIL India fell over 3 per cent in trade on Wednesday after the state gas utility reported a 66.19 per cent plunge in second quarter net profit on lower LPG and petrochemical prices.The stock ended 1.92 per cent down after hitting an intraday low of Rs 297.80, down 3.13 per cent on BSE.
- Tech Mahindra: Shares of country's fifth largest software firm Tech Mahindra ended 2.49 per cent down even as the company reported 9.2 per cent increase in its September quarter profit at Rs 786 crore, helped by volume growth and margin expansion.
- Petronet LNG: Shares of Petronet LNG added 2 per cent in the closing trade after the RBI said foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 30 per cent of the paid up capital of Petronet LNG under the Portfolio Investment Scheme (PIS).
- Finolex Cables: Finolex Cables ended 1.76 per cent down after the company reported a 17.77 per cent dip in standalone net profit at Rs 64.91 crore for the second quarter ended September 30, 2015.