Nifty, Sensex Gainers and Losers: BPCL, Tata Steel end as top NSE, BSE gainers; Asian Paints decline 2% - what should investors do?

Nifty, Sensex Gainers and Losers, December 12: The Indian markets on Monday closed flat amid a weak trend in global markets and continuous foreign fund outflows. The benchmark indices - Sensex and Nifty - ended around 62,100 and 18,500 levels, respectively, today. 

The 30-share BSE Sensex declined 51.10 points or 0.08 per cent to settle at 62,130.57, while NSE Nifty ended at 18,497.15, marginally higher by 0.55 points. Outperforming the benchmarks, the broader markets such as Nifty Mid and Small-cap concluded by 0.36 and 0.55 per cent higher.

From the Sensex pack, Asian Paints, Infosys, Titan, Kotak Mahindra Bank, Power Grid, Bharti Airtel, State Bank of India and Bajaj Finserv were the major laggards. While Tata Steel, Nestle, Dr Reddy's, UltraTech Cement, Wipro and HDFC Bank were among the winners.

"A tepid start-off in the domestic market was flattened due to a recovery in banking, metals, and oil & gas, while continued selling in IT stocks weighed on the indices," a PTI report said quoting Vinod Nair, Head of Research at Geojit Financial Services.

Bharat Petroleum Corporation Limited (BPCL): BUY – Target: 360; Upside: 3%

Shares of BPCL closed as top Nifty gainer, up over 3 per cent to Rs 349 per share on the NSE as compared to the flat Nifty index.

Ramesh Sankaranarayanan, Research Analyst, Nirmal Bang maintains BUY on BPCL with a target price of Rs 360 per share, implying over 3 per cent upside, mainly on the expectations of improving retail margins under likely softer oil prices and upside in GRMs (Gross Refinery Margins).

Tata Steel: HOLD – Target: Rs 115; Upside: 3%

Shares of Tata Steel on Monday closed as top Sensex gainer, up over 1 per cent to Rs 111.75 and per share on the BSE as compared to a 0.08 per cent fall in the S&P BSE Sensex.

As per Julius Baer Equity Research, Tata Steel remains a strong player in India's steel industry, given its large scale, low-cost domestic operations, and focus on value-added steel. It added, the industry's near-term outlook is clouded, given global growth concerns and the continuation of export duty. 

The brokerage maintained a Hold rating on the stock with a target price of Rs 115 per share, implying a nearly 3 per cent upside in the counter.

Asian Paints: HOLD – Target: Rs 3,450; Upside: 9%

Shares of Asian Paints on Monday closed as top Sensex and Nifty loser, down around 2 per cent to Rs 3164.75 and 3,167 per share on the BSE and NSE.

“We remain constructive on Asian Paints’ long-term prospects, given its market-leading position, superior brand recall, wide product offering, pricing power, robust distribution network, and entry into adjacencies,” Julius Baer Equity Research said in its comment on the paint major.

Click here to get more updates on Stock markets I Zee Business Live 

The brokerage maintained a Hold rating on the stock with a target of Rs 3,450 per share, implying an upside of 9 per cent from today’s closing.

Nifty50 Top Gainers:

1) BPCL shares ended at Rs 349.05, up over 3 per cent on the NSE from Friday's closing price.

2) Divis Lab shares ended at Rs 3,338.20 up around 2 per cent on the NSE from Friday's closing price.

3) Coal India shares ended at Rs 232.40 up around 2 per cent on the NSE from Friday's closing price.

4) UPL shares ended at Rs 774.50, up over 1 per cent on the NSE from Friday's closing price.

5) Nestle India shares ended at Rs 20,520, up over 1 per cent on the NSE from Friday's closing price

Nifty50 Top Losers:

1) Asian Paints shares ended at Rs 3,167 down around 2 per cent on the NSE from Friday's closing price.

2) Infosys shares ended at Rs 1545.20, down around 2 per cent on the NSE from Friday's closing price.

3) Kotak Mahindra Bank shares ended at Rs 1,865.05 down over 1 per cent on the NSE from Friday's closing price.

4) Titan shares ended at Rs 2,584.90, down over 1 per cent on the NSE from Friday's closing price.

5) Either Motors shares ended at Rs 3,320, down over 1 per cent on the NSE from Friday's closing price.

Sensex Top Gainers:

1) Tata Steel shares ended at Rs 111.75, up over 1 per cent on the BSE from Friday's closing price.

2) Nestle India shares ended at Rs 20476.30, up over 1 per cent on the BSE from Friday's closing price.

3) Dr Reddy’s Lab shares ended at Rs 4453, up over 1 per cent on the BSE from Friday's closing price.

4) Wipro shares ended at Rs 397.45, up around 1 per cent on the BSE from Friday's  closing price.

5) UltraTech Cement shares ended at Rs 7142.55, up around 1 per cent on the BSE from Friday's closing price

Sensex Top Losers:

1) Asian Paints shares ended at Rs 3164.75, down by around 2 per cent on the BSE from Friday's closing price.

2) Infosys shares ended at Rs 1547.10, down over 1 per cent on the BSE from Friday's closing price.

3) Titan shares ended at Rs 2583, down over 1 per cent on the BSE from Friday's closing price.

4) Kotak Mahindra Bank shares ended at Rs 1867.55, down by over 1 per cent on the BSE from Friday's closing price.

5) Bharti Airtel shares ended at Rs 827.85, down around 1 per cent on the BSE from Friday's closing price.

Sirca Paints Share Price: Stock jumps 4% after debut on BSE