OMCs, Titan Company and MCX among 10 stocks that gained traction on October 9
Stock market today: All the sectors ended the day in red, with PSU Banks and Media emerging as the worst performers. Meanwhile, broader markets underperformed their headline peers, with the Nifty Midcap 100 correcting by over 1 per cent.
Stock market today: Indian equities, snapping two days of gains, ended lower on Monday (October 9) as geopolitical conflict in the Middle East weighed on investor sentiment. Nifty ended 141 points, or 0.72 per cent, lower at 19,512, while Sensex shed 483 points, or 0.73 per cent, to settle at 65,512.
All the sectors ended the day in red, with PSU Banks and Media emerging as the worst performers. Meanwhile, broader markets underperformed their headline peers, with the Nifty Midcap 100 correcting by over 1 per cent.
Here are the major stocks that gained the limelight today:
OMC stocks: Stocks of oil marketing companies (OMCs), including HPCL, BPCL, and IOC, ended with losses of up to 2.5 per cent as crude oil prices spiked sharply in the wake of the Israel-Hamas violence.
Adani Ports and Special Economic Zone: Shares of the company ended around 5 per cent lower at Rs 789.9 as the company operates a major port in war-hit Israel.
KPI Green Energy: The stock of the power-generating entity settled with a tad cut at Rs 902.65 as the company secured new orders aggregating to 4.2 MW for executing solar power projects.
United Spirits: Shares of the alcoholic beverages major ended over 1 per cent lower at Rs 1,011 after the company’s top management personnel, Navin Jain, Tax Director-Asia and India, tendered his resignation.
MCX: MCX shares in intra-day trade today gained over 5 per cent, hitting a fresh 52-week high of Rs 2,149.5, after SEBI allowed the launch of its new commodity derivatives platform.
RVNL: Shares of the state-owned rail stock ended over 5 per cent lower at Rs 161.3 amid profit booking in the counter. The company bagged an order worth Rs 395 crore from Maharashtra Metro Rail Corporation.
TCS: TCS shares rallied 1.66 per cent to hit a fresh 52-week high of Rs 3,680 per share on the BSE as the board will mull share buyback on October 11.
Archean Chemical: Shares of the speciality chemicals company ended 3 per cent higher at Rs 605. The stock at the day’s high scaled to Rs 639.95, amid a sharp spurt in trading volume in the counter.
Som Distilleries & Breweries: Shares of Som Distilleries ended in the red at Rs 366.85, down 0.6 per cent as the company revoked the proposed QIP.
Titan: Shares of the watch-to-jewellery retailer ended 1 per cent lower at Rs 3,266.75, even as the company posted a strong Q2 business update.
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