Overall it was a consolidation day ahead of expiry of September seriesâ derivative contracts (scheduled to be on Thursday) and the market reported total turnover of Rs 5.9 lakh crore, the fifth highest ever.
Tata Motors was up 4 percent while ONGC and ITC gained over 3 percent each. Hero Moto and GAIL were other gainers in the Sensex. Among the laggards were Cipla, BHEL, Tata Steel, Infosys and Hindalco. Metal index was down over 1 percent.
Tata Motors, ITC, ONGC, ICICI Bank and Hero MotoCorp are top gainers in the Sensex. Among the losers are Cipla, BHEL, Tata Steel, Hindalco and Infosys.
Force Motors, ITC, Jubilant Foodworks, JK Tyre, Tata Elxsi, Infosys, Tata Motors, SBI and Sun Pharma were most active shares on exchanges.
The market is still going lacklustre as the Sensex is down 91.77 points at 26998.65, and the Nifty is down 39.10 points at 8082.35. About 1402 shares have advanced, 1077 shares declined, and 79 shares are unchanged.
Commercial vehicle maker Tata Motors and two-wheeler manufacturer Hero Motocorp bucked the trend, up over 1.5 percent followed by ONGC, LT, SBI, Bajaj Auto and Coal India with 0.2-0.7 percent.
Bajaj Auto, Hindalco and TCS are gainers while BHEL, Tata Steel, Coal India, Tata Motors and NTPC are major laggards in the Sensex.
Demand for traditionally defensive themes such as pharmaceutical and information technology were in play this week even as capital goods and infrastructure took a back seat.
Though the market went near record high during the day, it could not hit that level due to lack of triggers as it already priced in all recent events like China visit etc. The next triggers for the market would be US visit (on September 30), July-September quarter earnings (in October) and Maharasthra Haryana state elections, say experts.
TCS, Cipla, Maruti Suzuki, HDFC, Wipro, Zee Entertainment, HCL Technologies, Grasim and Tech Mahindra were top gainers, up 1-3 percent whereas LT, ONGC, SBI, HUL, Hero Motocorp, Jindal Steel and DLF declined 1.5-4.5 percent.
Defensive buying is seen in IT and pharma stocks. TCS, Cipla, Sun Pharma. Infosys and Wipro are top gainers in the Sensex while LT, HUL, SBI and Axis Bank are major laggards.
Shares of TCS, Infosys, Sun Pharma, Cipla, Wipro, Coal India and Tata Power topped the buying list, up 1-3 percent whereas LT, Axis Bank, HUL and Hero Motocorp fell 1-1.6 percent.
TCS, Wipro, Cipla, Tata Power and Hindalco are top gainers in the Sensex. Among the losers are HUL, Axis Bank, MM, Hero and ITC.
NBCC, JK Tyre, RS Software, Cyient, Tata Elxsi, TCS and HDFC were most active shares on exchanges.
Tata Power, BHEL, ONGC, Tata Steel and Hero Moto are top gainers in the Sensex. Among the laggards are HDFC, Bharti Airtel, ITC, Infosys and NTPC. Suzlon is down 10 percent.
CNBC-TV18s Varinder Bansal lists some of the key stocks which were buzzing in trade today.
With growth sustaining, return ratios improving and dividend payout increasing, the brokerage believes Kochi-based infant garments manufacturer is well poised from a long term perspective.
The board of directors of the company today approved fund raising not exceeding USD 100 million or its equivalent of any other foreign/Indian currencies by way of issue of securities to QIPs/FCCBs/other modes.
The company is also hoping to see good traction for its off-road powerhouse Force Gurkha. The Gurkha launched three years ago, is likely to hit Indian market by September-end.
"Avantha Group Company was selected by Electricite Reseau Distribution France (eRDF) as one of the six suppliers to manufacture the first three million of its new generation Linky smart meters," said the company in its filing.
"American private equity fund KKR is set to launch a share sale that could raise about USD 230 million as it exits Bharti Infratel six years after investing, taking advantage of a sharp rebound in the valuations of the telecom tower company," said a media report quoting unnamed sources.
According to experts, India's monthly gold imports are set to rise by as much 50 percent from current levels while premiums could almost double as the country gears up for a surge in demand ahead of the year-end festivities and wedding season.
Here are few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have Kitex Garments, Sterlite Technologies, PC Jeweller, Shree Ganesh Jewellery, Tribhovandas Bhimji Zaveri (TBZ), Force Motors and GATI.
Shareholders of the company, in annual general meeting, will decide on the disinvestment of the entire shareholding in Artemis Medicare Services and Artemis Health Sciences for a consideration of approximately Rs 181 crore.
GNRL Oil Gas (100 percent subsidiary Gujarat Natural Resources) has intimated Government of India about new oil discovery in Mehsana formation in newly drilled well ND#1A in Dholasan field, said the company in its filing to BSE.
Vadodara-based company has received orders worth Rs 10 crore today and majority of the orders are for new heavy open die forging plant, said the company in its filing to the BSE.
The board also considered and granted in-principle approval for spilt of existing equity shares of face value of Rs 10 each into 5 equity shares of face value of Rs 2 each.
order for Aegis to strengthen its competitive position in LPG sourcing, supply and shipping and also to support the company in building new LPG import terminal capacity in the future, the management proposes to establish a joint venture with ITOCHU Corp
"A meeting of the board of directors of the company will be held on September 25, 2014, for considering sub-division of face value of Rs 10 of the equity shares of the company," said the company in its filing.
Mellon-262849 on Friday purchased 34,82,061 equity shares (0.9 percent stake) of Redington India at Rs 105.06 apiece on the National Stock Exchange through a block deal.