D-Street Newsmakers: HDFC Bank, Shriram Finance & L&T among 7 stocks that hogged limelight today
Indian equities in a volatile session in Tuesday’s trade ended at record closing highs led by buying in private banks, financial services and IT packs. At the close, the 30-share BSE Sensex jumped 712.44 points or 0.92 per cent to settle at record 78,053.52 after scaling an all-time high of 78,164.71. NSE Nifty rallied 183.45 points or 0.78 per cent to settle at record 23,721.3, after scaling a fresh all-time high of 23,754.15.
Sarvjeet Singh Virk, Co-founder & MD, Shoonya by Finvasia on the record rally on the indices said the Sensex and Nifty reaching all-time highs suggest that 2024 could be a record-breaking year. The exponential surge in IPOs and FPOs in CY2024, with 56 companies poised to raise around Rs. 90,000 crore, underscores the significant impact of several key factors. Retail investor participation has been crucial, alongside strong macroeconomic factors and increasing FPI investments, driving the market and contributing to economic growth.
Here are the stocks that made headlines today
HDFC Bank
HDFC Bank topped among the top gainers on the Nifty and ended over 3 per cent higher at Rs 1,713.4 as Bernstein continues with its ‘overweight’ rating.
Larsen and Toubro
Shares of the company ended over 1.5 per cent higher at Rs 3,587.15 as the infra entity is on course its net zero path.
Shriram Finance
Amid gains in the financial services pack, shares of the company ended 4 per cent higher at Rs 2,998.
Shilpa Medicare
The company’s stock ended over 1 per cent lower at Rs 586.45 as its Hyderabad unit cleared USFDA inspection with zero observations.
Happiest Minds Technologies
Shares of the company ended with a cut of over 9 per cent at Rs 830.45 after a block deal in the pre-opening block deal window.
Zomato
Shares of the company ended nearly 2 per cent higher at Rs 202.4 as brokerages remained bullish on the counter amid reports that Zomato is growing faster than Swiggy.
Amara Raja Energy
Shares of the company ended over 19 per cent higher at Rs 1647 as the company inka technical licensing agreement with China-based Gotion High-Tech.