The domestic markets ended the day sharply lower in trade on Wednesday as lingering concerns about earnings and the worsening global risk environment hit blue chips across the board.
The 30-share index ended the day 381.95 points lower at 25,482.52. The broad-based 50-shares index quoted 7,731.80, down 105.75 points at close.
Here are top 8 stocks that were in focus today:
- Aviation stocks: Shares of SpiceJet and Interglobe Aviation rallied up to 9 per cent, but Jet Airways fell 4 per cent after the airlines said they would pursue legal steps against CCI order imposing penalties totalling Rs 258 crore on them for anti-competitive practices related to air cargo.
- Pipavav Defence: Reserve Bank on Tuesday allowed foreign investors to raise their investment in Pipavav Defence and Offshore Engineering. The scrip ended 1 per cent up.
- Infosys: Country's second largest software services firm Infosys said it expects the second half of the current fiscal to be soft as there are lesser working days and furloughs but is fairly optimistic about the future. The scrip settled 3.89 per cent down.
- MEP Infrastructure: Shares of MEP Infrastructure ended 1.45 per cent down after the toll management firm bagged two short-term toll collection contracts from the National Highways Authority of India (NHAI) for one year.
- Ramco systems: Ramco systems shares ended 1.58 per cent up after the enterprise software company formed a strategic partnership with ITC Infotech to strengthen its aviation capabilities and expand expertise in the human capital management domain.
- Raymond: Shares of Raymond settled nearly 2 per cent down after the suiting fabric maker said it has infused Rs 61.68 crore in Raymond Luxury Cottons Ltd (RLCL) by subscribing to equity shares.
- Dishman Pharma: Shares of Dishman Pharma surged 6 per cent in trade on Wednesday after the drug major clarified on US FDA warning letter that the regulator sent it on Monday relating to Clovis' drug. The stock ended 1.85 per cent up after surging as much as Rs 344.55, up 6.01 per cent, on the Bombay Stock Exchange post clarification.
- GMR Infrastructure: Shares of GMR Infrastructure ended 7 per cent up after the GMR Group announced revision of power tariff for GMR Kamalanga Energy Ltd, a special purpose vehicle (SPV) of its arm GMR Energy Ltd following an order passed by the Central Electricity Regulatory Commission on November 16, 2015.