Extending losses for the second straight session, the domestic markets ended sharply lower in trade on Thursday after Federal Reserve Chair Janet Yellen hinted at interest rates hike in US for the first time in over a decade.
The S&P BSE Sensex slipped below its crucial psychological level of 26,000, to settle at 25,901.26, down 216.59 points, while broader CNX Nifty ended below its key 7,900 mark. The 50-share index quoted 7,864.15, down 67.20 at close.
Market breadth remained fairly negative with 25 of the 30 Sensex components ending the day in red.
Here are top stocks that trended today:
- Amtek Auto: Shares of Amtek Auto surged nearly 15 per cent in trade on Thursday, following media reports that Bharat Forge and Mahindra CIE were weighing bids for the company's German unit Tekfor. The stock ended the day 9.56 per cent higher after hitting an intraday high of Rs 49.80, up 14.75 per cent on BSE.
- Hotel stocks: Shares of Hotel companies such as Eih Associated Hotels, Kamath Hotel, Royal Orchid Hotels, and EIH Hotel shot up on bourses to hit fresh 52-week highs as investors made bullish bets on the hospitality sector with the advent of the annual holiday season.
- Tata Steel: Shares of Tata Steel closed 1.38 per cent down after the global steel major on Wednesday said its Singapore arm has executed pacts worth $1.5 billion for refinancing its debt.
- MTNL: Shares of Mahanagar Telephone Nigam Ltd (MTNL) surged over 15 per cent in trade on Thursday after telecom Minister Ravi Shankar Prasad said there is no proposal to disinvest stake in BSNL and MTNL as part of their revival strategy. The stock of MTNL ended the day 11.54 per cent higher after gaining as much as 24.50, up 15.10 per cent on BSE.
- PVR: Multiplex chain operator PVR said it has received a letter from competition watchdog CCI, asking it to publish details of its proposed Rs 500-crore acquisition of DT Cinemas within ten days. The stock ended 2.69 per cent down.
- CPCL: Chennai Petroleum Corp (CPCL) has shut its 10.5 million tons Manali refinery near Chennai due to floods caused by heaviest rainfall in over a century. The stock ended 5 per cent down.
- Wipro: Shares of Wipro ended 1 per cent down after gaining nearly 2 per cent in trade on Thursday after country's third largest software services firm said it will acquire German IT consulting firm Cellent AG for 73.5 million euros (about Rs 518 crore).
- Scooters India: The government is considering selling off Scooters India, four years after shelving a similar plan for the state-run manufacturer of Vikram three-wheelers because of opposition from the Uttar Pradesh unit of the then ruling Congress party. The stock ended 4.85 per cent higher.