D-Street Newsmakers: Wipro, NCC and Wockhardt among 7 stocks that hogged limelight today
Indian equity benchmarks ended at a new closing peak as a lower US PCE inflation raised hopes for a rate cut by the FED in September. This optimism contributed to the strong performance of IT stocks.
Domestic equity benchmarks after a day’s pause ended at a fresh closing peak led by gains in the IT and financial services stocks. At the close, the Sensex added 443.5 points to end at 79,476.2 while the Nifty50 settled at 24,142. Meanwhile, smallcap index also ended near its all-time high hit earlier in the session.
Here are the stocks that made headlines today:
Wipro:
After CLSA double upgraded the stock to ‘outperform’, the stock ended at Rs 527.25, up over 2 per cent.
Canara Bank:
Amid losses in the PSU Bank basket, shares of the state-run lender ended with a cut of 1 per cent at Rs 118.25.
SML Isuzu:
Shares of the company ended nearly 3 per cent higher by at Rs 2167.60 as June sales jumped 38 per cent on-year.
NCC:
NCC shares ended over 1 per cent higher at Rs 320.4 after the company informed that it bagged orders worth Rs 335 crore in June.
Wockhardt:
Shares of the pharma company ended locked in 20 per cent upper circuit at Rs 823.65 amid sharp gains in the smallcap pack.
REC:
Shares of the state-run entity ended higher by 5 per cent at Rs 550.55 as loan sanctions at the company rose 24 per cent on-year in Q1FY25.
Rane Holdings:
Shares of the holding company of Rane Group ended locked in 20 per cent upper circuit at Rs 1,605.75 after the company acquired 51 per cent holding in Rane NSK Steering Systems, a joint venture with Japan’s NSK Limited.