D-Street Newsmakers: Vodafone Idea, L&T Finance, HDFC Life among 7 stocks that hogged limelight today
Indian markets after notching fresh highs in intra-day trade, slightly rejoicing the “dot plot” of individual participants’ rate expectations, ended at record closing highs in Thursday's trade ( June 13) led by buying in IT stocks. The 30-share BSE Sensex jumped 204.33 points or 0.27 per cent to settle at a record 76,810.9, after scaling an all-time high of Rs 77,145.46. NSE Nifty rallied 75.95 points or 0.33 per cent to settle at a record 23,398.9, after scaling a fresh all-time high of 23,481.05.
"The domestic equity benchmark traded with a modest gain, with domestic CPI data indicating that inflation is on a slow track of decline. A similar trend is reported in the US CPI, which brought down the market expectation from 2 rate cuts in CY24 to 1, which is having a mixed effect on the global markets," Vinod Nair, Head of Research, Geojit Financial Services said.
Here are the stocks that saw action in today’s trade:
Vodafone Idea
The company in an exchange filing said that its board has approved the issuance of up to 166.07 crore shares in one or more tranches to Nokia Solutions and Networks India Pvt. Ltd. and Ericsson India. Shares of the debt-ridden telco ended with a cut of over 2 per cent at Rs 16.07.
HDFC Life Insurance
Shares of the company ended 3 per cent higher at Rs 591.20 after the IRDAI released the final norms on the surrender value of life insurance policies.
Nestle India
Shares of the FMCG major Nestle ended 0.7 per cent higher at Rs 2,551.25 after the company said it will continue to pay royalty to its parent firm at the existing rate of 4.5 per cent of net sales as its proposal to hike the same was rejected by the company's shareholders.
L&T Finance
L&T Finance shares after touching a new 52-week high in intraday trade ended over 3 per cent higher at Rs 175.85 amid the block deal in the pre-opening trade.
Aurionpro
Shares of Aurionpro gained over 4 per cent to Rs 2,651 after the RBI granted a final nod to the company for operating as an online payment aggregator.
Paytm
The stock of One97 Communications settled higher by over 6 per cent at Rs 428.50 after Samsung partnered with payments and financial services distribution company to bring travel and entertainment services to Samsung Wallet in India.
Sobha
Real estate developer Sobha ended 5 per cent higher at Rs 2,168.9 after the company's board approved the issuance of equity shares for an amount of up to Rs 2,000 crore by way of the rights issue.