Stocks in Action, Share Market News: Domestic equity markets suffered sharp losses on Thursday, as participants returned to trade following a mid-week holiday, amid a broad sell-off across sectors with financial, energy, IT, and auto shares being some of the worst hit spaces. Sensex fell as much as 1,395.9 points, or 1.7 per cent, to 82,870.4 while the Nifty50 lost 407.9 points, or 1.6 per cent, to slide below the 25,400 mark in the first half of the day. Among index heavyweights, Tata Steel, and JSW Steel were in action among the gainers while Reliance, HDFC Bank, and Tata Motors were among the losers. 

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Here are a few stocks that were on investors' watchlists during the session:

Read more on auto sales in September 2024

Two-wheelers, especially motorcycles, have outshone all the other segments in the country's auto space in September, with an 11 per cent year-on-year increase recorded in monthly motorcycle sales to 86,978 units, according to data from industry body SIAM.

Stock in Action | Dr Reddy's Labs

Dr Reddy’s Laboratories shares bucked the trend, rising as much as 0.7 per cent to Rs 6,796.6, after the pharmaceutical company signed an agreement with Gilead Sciences for the manufacturing and marketing of the drug Lenacapavir in the domestic as well as 120 foreign markets.

Stock in Action | Marico  

Marico shares gained as much as 3.8 per cent to Rs 719.8 after the FMCG firm said, in a business update, that volume growth in its domestic business stood in mid-single digit percentage levels in the July-September period. 

The company also mentioned stable levels of demand in the second quarter of the financial year on a year-on-year basis. 

Sugar Stocks in Action  

A bunch of sugar stocks were in the spotlight after the UP government announced a bioplastics policy. 

 

Stock in News | ITC

ITC shares made a partial intraday recovery, trading down 0.9 per cent at Rs 511.4 apiece at noon after falling as much as 1.5 per cent in intraday trade earlier. 

The cigarettes-to-hotels conglomerate's arm, ITC Infotech India has acquired 100 per cent stake in Blazeclan Tech for Rs 485 crore. 

Stock in Focus | JSW Energy

JSW Energy shares declined amid overall weakness in the market, last seen trading down 1.5 per cent after falling as much as 2.3 per cent during the session. JSW Energy's subsidiary, JSW Neo Energy, has secured a letter of intent (LoI) from Maharashtra State Electricity Distribution Company for a project involving the storage of pump hydro-energy to the tune of 1,500 MW/12,000 MWh. 

Stock in Action | Zydus Lifesciences 

Zydus Lifesciences shares were about halfway off their intraday low, trading at a loss of 0.8 per cent at Rs 1,071.8 apiece around noon. 

The pharmaceutical company has received initial approval from the US drug regulator for Enzalutamide tablets.

Coal India 

Coal India shares traded about half a percentage point lower at midday. The PSU mining giant has logged a one per cent decline n its total output in September. With that, Coal Idnia's production in the first half of the financial year stands at less than half of its full-year goal. 

Other Stocks to Track

  • PVR Inox: The company has opened a five-screen multiplex in a shopping mall in Tamil Nadu's Coimbatore.
  • Dilip Buildcon: The company has transferred its 26 per cent stake in its units, Bangalore Malur Highways and Malur Bangarpet Highways to Alpha Alternative Holdings for a sum of Rs 125 crore. 
  • Jubilant Ingrevia: The company's subsidiary, Jubilant Agro Sciences has signed an agreement with an agrochemical company. 
  • South Indian Bank: The lender has registered 13 per cent growth in advances and an 8.6 per cent increase in deposits in Q2. 
  • CSB Bank: The lender has registered a 25.17 per cent increase in its deposits and 19.6 per cent growth in advances in Q2.
  • Ashoka Buildcon: The company has bagged a letter of award (LoA) for two projects from the MMRDA. 

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