D-Street Newsmakers: IT stocks, Concor and Dixon Technologies among stocks that hogged limelight today
Ahead of the CPI print later today, Indian equities ended lower with the Nifty settling below 24,550 levels. Sectorally, the IT index led the gains and reached a new high after the US inflation data met expectations, boosting hopes for a Fed rate cut next week.
Here are the counters that remained in focus today:
Top gainers and losers: IT stocks
Top gainers and losers: IT stocks buzzed in trade today mirroring overnight record high scaled on the Nasdaq Composite index. The Nifty index galloped over 1 per cent, and at the close all of the constituents except Mphasis ended in the green, with Coforge leading the pack.
Top gainers and losers: Dixon Technologies
Top gainers and losers: Amid news that the upcoming budget may offer PLI incentives to mobile components manufacturer, the stock hit its all-time high today. At the close, the stock settled higher by over 1 per cent at Rs 17,705 per share.
Top gainers and losers: Gland Pharma
Top gainers and losers: On the USFDA approval for the Phytonadione Injectable Emulsion drug, the stock gained up to 5 per cent at the day's high and ended higher marginally at Rs 1,778.6 per share.D-
Top gainers and losers: Delhivery
Top gainers and losers: After Macquarie continued with its 'outperform' rating on the stock with the target of Rs 460, the stock settled higher by nearly 1 per cent at Rs 382.85.
Top gainers and losers: Container Corporation of India
Top gainers and losers: Stock of the logistics company ended with a cut of over 3 per cent at Rs 827.85 per share. The stock ended lower after Goldman Sachs maintained its sell call on the stock as the brokerage foresees earnings downgrades going ahead.
Top gainers and losers: RVNL
Top gainers and losers: RVNL shares ended steady with a negative bias at Rs 473.75. The railway company has bagged a significant contract worth Rs110 crore from the Southern Railway.
Top gainers and losers: ITI Limited
ITI has chosen EbixCash, a subsidiary of Eraaya Lifespaces, as its technology partner for operating and managing its MeitY-empanelled Data Centre (DC). The stock ended over 1 per cent higher at Rs 365.5 per share.