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IT stocks, Vedanta and BEML among top 8 stocks that trended today

Maruti Suzuki India has got minority shareholders approval to allow the parent Suzuki Motor Corporation (SMC) to start its own manufacturing facility in Gujarat.

BT Online | December 18, 2015 | Updated 16:25 IST
IT stocks, Vedanta and BEML among top 8 stocks that trended today
Shares of IT firms such as Infosys, TCS and Wipro fell up to 2 per cent intraday amid concerns that doubling of fees for H-1B and L-1 visas to up to $4,000 may hurt bottom lines of the companies. Photo: Reuters

Snapping the four-session long gaining spree, the S&P BSE Sensex ended 284 points lower, while the broader CNX Nifty closed below its key 7,800-mark.

Markets fell after the government cut its growth forecast, but indexes still made their biggest weekly gains in more than two months after the US Federal Reserve raised interest rates without any disruptions to global markets.

The 30-share index settled the day at 25,519.22, down 284.56 points, while the broad-based 50-share index quoted 7,761.95, down 82.40 points.

Market breadth turned fairly negative with 28 of the 30 Sensex components ending the day in red.

Here are top stocks which are in focus today:

  1. Vedanta: Mining conglomerate Vedanta on Thursday said its arm Sesa Goa may suspend iron ore mining in Goa due to the ongoing dispute between the firm and truck operators. The stock dipped 3.21 per cent on BSE.
  2. IT stocks: Shares of IT firms such as Infosys, TCS and Wipro fell up to 2 per cent intraday amid concerns that doubling of fees for H-1B and L-1 visas to up to $4,000 may hurt bottom lines of the companies.
  3. BEML: Shares of BEML rose 3.87 per cent after the Defence Ministry gave the Acceptance of Necessity to Army's proposal for the purchase of six regiments of the Pinaka rocket system under the 'Make in India' category for Rs 14,600 crore. BEML will provide the system.
  4. Maruti Suzuki: Country's largest car maker, Maruti Suzuki India has got minority shareholders approval to allow the parent Suzuki Motor Corporation (SMC) to start its own manufacturing facility in Gujarat. The stock ended 1 per cent down.
  5. TAKE Solutions: IT firm TAKE Solutions on Thursday said recent floods in Chennai will impact its revenue and margins for the quarter ended December 31, 2015. The stock lost 5.54 per cent on BSE.
  6. HDFC: German insurer Ergo plans to increase its stake in HDFC Ergo from 25.84% to 48.742% for Rs 1,122 crore, valuing the company at Rs 4,900 crore.The scrip shed 1.37 per cent on BSE.
  7. Somany Ceramics: Shares of Somany dipped 3.87 per cent after the company informed the exchange that subsequent to the approval accorded by the Board of Directors of the Company, authorised the opening of the QIP on December 17, 2015, with the floor price for the issue i.e. Rs 357.24.
  8. Jyoti: Shares of Jyoti surged over 18 per cent on Friday after the company said it had bagged an order worth Rs 139 crore from DRN Infrastructure, Hubli, Karnataka for design, manufacturing, supply, erection, testing and commissioning of various equipment for TubchiBableshwar Lift Irrigation Scheme under Karnataka Neeravari Nigam.

 

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