New Delhi: The domestic equity market staged a smart afternoon recovery on Tuesday, thanks to strong buying in metals, IT and FMCG shares. Positive global sentiment boosted investors’ morale as fear of trouble in the Chinese economy eased.
The 30-share Sensex soared 514 points, or 0.88 per cent, to close at 59,005. Its broader peer Nifty50 added 165 points, or 0.95 per cent, to 17,562. The broader market underperformed, but settled in the green.
Real estate shares were in demand after the Karnataka government slashed stamp duty. Metals and chemical stocks made a strong comeback. BLS International continued to decline after some fraudulent SMSes and messages, while RPSG Venture saw profit taking.
Let’s have a look at the biggest movers and shakers of Tuesday’s session:
Amrutanjan Healthcare: The pharmaceutical stock advanced 11 per cent to Rs 856.45 on high demand from investors. The traded volume grew manifold on Tuesday compared with the two-week average.
GR Infraprojects: Shares of the recently-listed company were on the radar of investors as it settled a legal dispute for Rs 12.66 crore. The scrip settled at Rs 1,765.95, up 11 per cent.
New Delhi Television: Shares of the media firm continued to hit upper circuit of 10 per cent to Rs 87.60 on Tuesday amid speculations in the market that the Adani Group may acquire the company.
Brigade Enterprises: The Bengaluru-based realty player advanced 9 per cent to Rs 401.40 after the Karnataka Government slashed the stamp duty payable on flats priced Rs 35-45 lakh to 3 per cent from 5 per cent.
Himadri Speciality Chemical: The chemical sector was high in demand, marking a smart and swift recovery on Tuesday after a rout on Monday. The stock surged 9 per cent to Rs 52.95 thanks to its strong technical set up.
GNFC: The fertiliser stock advanced 8 per cent to Rs 383.05 on the back of strong setup on the technical charts. The average traded volume jumped manifold compared with the two-week average traded volume.
BLS International Services: The visa services player tanked 10 per cent to Rs 247.80 after the company gave its clarification on ‘unsolicited messages’ in relation to transaction in equity shares of the company through the BSE website.
Soril Infra Resources: The smallcap company shed 5 per cent to Rs 106.55 ahead of its annual general meeting scheduled for September 30, Thursday.
RPSG Ventures: The IT company fell 5 per cnet to Rs 1,028.75 after investors booked profit following a sharp 71 per cent rise in the last one month.
Reliance Infrastructure: The Anil Ambani led company settled at the lower circuit limit of 5 per cent ay Rs 93.15 after BSE sought clarification from the company about the rapid and wild movement in the volume and share price.
Adani Transmission: Shares of the Gautam Adani company were locked at the lower circuit limit of 5 per cent at Rs 1,640.30 ahead of an analysts/investor meeting. The company were to host two investors/analysts on Tuesday.Internet Explorer Channel Network