On the sectoral front, the IT and realty indices fell 2-3 percent, while power, oil & gas and metal indices ended in the green
Indian benchmark indices witnessed profit booking on September 28 but managed to recover from the day’s low amid buying in metal, power and oil & gas stocks. At close, the Sensex was down 410.28 points, or 0.68%, at 59,667.60, and the Nifty was down 106.50 points, or 0.60%, at 17,748.60.
Zee Entertainment | CMP: Rs 308.65 | The stock price was down more than 4 percent after Sebi confirmed a ban on five persons in the Zee Entertainment insider trading case. “Bijal Shah, Gopal Ritolia, Jatin Chawla, Gomti Devi Ritolia and Daljit Chawla are restrained from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever until further orders,” the market regulator said in a 43-page confirmatory order.
Bharat Heavy Electricals | CMP: Rs 60.90 | The share price jumped 7 percent after the company won an order from Goa Shipyard for warship gun mounts. “Goa Shipyard has placed a maiden order on Bharat Heavy Electricals Limited (BHEL) for the supply of an upgraded Super Rapid Gun Mount (SRGM), the main gun onboard most Warships of the Indian Navy,” the company said in its press release.
TCS | CMP: Rs 3,777.05 | The share ended in the red on September 28. The firm has been selected by NORD/LB, a leading German commercial bank, as its strategic partner for its IT transformation.
Sun Pharma | CMP: Rs 790.50 | The stock gained over 3 percent after the company announced the launch of a formulation in cough management, Chericof 12 (Dextromethorphan Hydrobromide 30 mg and Chlorpheniramine Maleate 4 mg), in India.
Man Infraconstruction | CMP: Rs 101.60 | The scrip shed over a percent on September 28. The firm said that a meeting of the board of directors would be held on October 4 to consider and declare an interim dividend for the financial year 2021-22 and the issue of bonus shares and matters related thereto.
Anupam Rasayan | CMP: Rs 807 | The share price was up over a percent as the firm signed a letter of intent (LOI) worth Rs 145 crore with an existing long-term European multinational customer, one of the top ten MNCs in the world, for supplying a new life sciences-related active ingredient. It will enter into a contract for the next three years to supply this speciality chemical product, the company said in its release.
Raymond | CMP: Rs 455 | The scrip added over a percent after the board approved the consolidation of tools & hardware and Auto components businesses into engineering business “for improving synergies and exploring monetisation options for deleveraging Raymond”.
RBL Bank | CMP: Rs 186.85 | The stock ended in the red after the Reserve Bank of India imposed a penalty of Rs 2 crore on the private lender. The fine was imposed for flouting norms on the opening of saving accounts and the composition of the board.
GMR Infrastructure | CMP: Rs 35.70 | The share fell over 2 percent after promoter GMR Enterprises sold 5.75 crore equity shares to its subsidiary Hyderabad Jabilli Properties at Rs 36.3 per share through an open market transaction on the NSE, the bulk deals data showed.
Rail Vikas Nigam | CMP: Rs 30.25 | The stock ended in the green after the company bagged an order worth Rs 382 crore from Madhya Pradesh Metro Rail Corporation including designing and building seven elevated metro stations, along with viaduct portions and transition spans on either side of the stations.
Sandip Das
