D-Street Newsmakers: L&T, HCL Tech, SCI among 7 stocks that hogged limelight today
Even as the Nifty index hit its fresh record high in early trade on June 12, it failed to sustain the highs and ended with minor gains ahead of the key US policy outcome later in the day.
After hitting a fresh record high in early trade at 23,441.95, the Nifty index ended with gains of 0.25 per cent or 58.7 points at 23,323.55 as drag in the FMCG pack weighed. Meanwhile, Sensex added 0.2 per cent or 150 points and settled at 76,606.57. Broader markets, however, continued to post robust performance, with both Nifty Midcap 100 and Nifty Smallcap 100 indice logging their fresh highs today.
“Markets failed to capitalise on its firm start but eked out modest gains on select buying support, as cautioned prevailed amongst investors ahead of US policy rate meeting later in the day. Besides, investors would be watchful of domestic inflation & IIP data which can give a sense about where the domestic growth is headed in the medium term,” Prashanth Tapse, Senior VP (Research) at Mehta Equities said.
Here are the stocks that saw action in today’s trade:
L&T
Shares of the engineering major ended nearly 1 per cent higher at Rs 3629.35 as the company expects a gradual pick up in private capex post general elections in the ongoing fiscal year.
HCL Technologies
HCL Tech shares ended with 0.5 per cent gains at Rs 1436.65 after the Noida-based company renewed its deal with Germany's largest cooperative primary bank Deutsche Apotheker- und Ärztebank eG (apoBank).
Shipping Corporation of India
Shares of the state-owned shipping major ended nearly 6 percent higher at Rs 259.75 amid reports that the Centre will expedite the divestment of the company.
Patanjali Foods
Shares of the company ended with a cut of 0.44 per cent at Rs 1467.55 after the company clarified that its board is mulling over the initial proposal received from Patanjali Ayurved Limited (PAL) for the sale of its non-food business undertaking to the parent entity.
Wipro
Wipro shares ended with minor gains at Rs 477.1 after the technology major unveiled the Artificial Intelligence (AI) platform- Lab45 on Tuesday.
TVS Supply Chain Solutions
Shares of the logistics company ended 5 per cent higher at Rs 177.55 as the company inked a five-year contract with Daimler Truck South East Asia Pte. Ltd for Integrated Supply Chain Solutions (ISCS) services in Singapore.
Dollar Industries
Shares of the company ended with a minor cut of 0.34 per cent at Rs 559 as it targets around 50 per cent growth in sales from the Souther market as part of their Vision South India strategy.