Indian Market Report: Top 10 Stocks in the Spotlight as Nifty Climbs
Indian equity markets experienced a session of robust gains on Tuesday, with the Nifty index climbing by 0.45 percent, an increase of 89 points, concluding the day at 19,783. This marked yet another day of record-setting highs for broader markets, continuing a streak into the second consecutive day.
D-Street Stars on the Rise
Among the stocks making headlines, Titan gained significant investor interest, surging to a new all-time peak following an upgrade to 'Buy' by brokerage firm CLSA.
Coal India, known for its attractive dividend yield, saw its shares remain unchanged at Rs 334.1 as it traded ex-dividend on the day.
Shares of Oberoi Realty saw a 4 percent increase to Rs 1,406.25, buoyed by the launch of new residential projects in Thane.
The Nifty IT index took a slight dip after brokerage Bernstein issued mixed target forecasts for various IT stocks.
ABB, the electrical equipment giant, displayed a slight negative adjustment ending at Rs 4,335.75, amidst news of an agreement signed with Titagarh Wagons.
Notable Performers and Underperformers
KEC International saw its share price dip by 0.6 percent to Rs 596, despite landing a significant order worth Rs 1,005 crore.
IRCTC's stock advanced by 1 percent reaching Rs 708.7, following the railways' nod for long-term tenders over seven years, provided the company shows satisfactory performance in the initial five years with train clusters.
Bajaj Finance enjoyed a modest gain of 0.5 percent to Rs 7,104.15 per share after the non-banking finance company completed the allotment of 50,000 non-convertible debentures (NCDs).
Trading volume for Gland Pharma spiked, with shares ending up by 1.74 percent at Rs 1,657.7.
Isgec Heavy Engineering had its shares hit a fresh 52-week high within the day and closed with a 5 percent gain at Rs 899.
Indian, Equities, Stocks