Extending losses for the sixth consecutive session, the domestic markets ended lower in trade on Monday after a private survey showed the manufacturing sector cooled to its slowest in nearly two years in October.
The CNX Nifty
broke below the 8,000 level for the first time since October 1 but recovered in late trade to end the day at 8,050.80, down 15 points, while the S&P BSE Sensex
reclaimed its crucial psychological level of 26,500 to settle 97.68 points down at 26559.15.
Here are top 8 stocks that remained in focus today:
- Coffee Day Enterprises: Shares of Coffee Day Enterprise, which runs Cafe Coffee Day (CCD) outlets, listed on Bombay Stock Exchange (BSE) in Monday's trade at Rs 313 per share, a discount of 4.57 per cent to the issue price of Rs 328 per share. Dalal Street did not welcome the much-touted scrip well, and it plunged 17.63 per cent on BSE against the issue price, while the stock ended 13.69 per cent down at Rs 270.15 against its listing price.
- Reliance Communications: Shares of Reliance Communications surged over 6 per cent in trade on Monday after the telecom company announced the acquisition of Russian conglomerate Sistema's Indian telecom unit in an all-stock deal that will create an operator with 118 million subscribers. The stock ended the day 6.18 per cent up at Rs 79.90 after hitting an intraday high of Rs 81.15, up 7.84 per cent on the Bombay Stock Exchange (BSE).
- Indian Overseas Bank: Shares of Indian Overseas Bank slumped 15.5 per cent to touch a one-year low after the company reported a net loss of Rs 550.83 crore for the second quarter ended September 30. The stock ended the day 11.29 per cent down after plunging 15.57 per cent intraday to Rs 29.55, its 52-week low, on Bombay Stock Exchange (BSE).
- Jet Airways: Shares of Jet Airways extended gains in Monday's trade and rose over 8 per cent on the Bombay Stock Exchange (BSE) to clock 17.42 per cent spurt in two consecutive trading sessions. The scrip closed 3.06 per cent up at Rs 450.05.
- Larsen & Toubro: Shares of Larsen & Toubro fell over 2 per cent in trade on Monday after the company halved its order inflow guidance to 5-7 per cent for FY16, and also lowered revenue projection to around 12 per cent, citing subdued investment climate. The stock ended 1.61 per cent down after hitting an intraday low of Rs 1375.50, down 2.52 per cent on the Bombay Stock Exchange (BSE).
- Mahindra & Mahindra: Shares of Mahindra & Mahindra ended over 2 per cent up after it reported 20 per cent surge in total sales at 51,383 vehicles in October, mainly of account of good demand for its recently launched TUV300. It had sold 42,780 vehicles in the same month last year, the company said in a statement.
- Sun Pharma: Shares of Sun Pharma closed 2.64 per cent down after the company said it may discontinue certain non-strategic businesses as part of its integration process with Ranbaxy Laboratories, which it acquired in a USD 4 billion deal last year.
- Bajaj Auto: Bajaj Auto was the top loser on both the indices and ended the day 4.8 per cent down on BSE after it reported a 9 per cent fall in total vehicle sales for October.