New Delhi: Domestic equity markets extended their winning streak to the third straight session on Tuesday ahead of the Q3 earnings of India’s top IT players. Traders awaited Jerome Powell’s testimony in the US congress, scheduled later today.
The 30-share pack Sensex jumped 221.26 points or 0.37 per cent to close at 60,616.89. Its broader peer Nifty50 gained 52.45 points or 0.29 per cent to 18,055.75. The broader markets underperformed but overall the BSE midcap and smallcap indices settled in green.
Vinod Nair, Head of Research at Geojit Financial Services, said, “Domestic benchmark indices showcased a flattish trend with positive bias as the market weighed the expectations of a strong quarter amid concerns over rising cases, supply issue and inflationary pressure.”
Greaves Cotton continued to steal the spotlight on Dalal Street and Adani Green hit new 52-week high. Prism Johnson shares were also in huge demand. However, was the talk of the town in today’s session.
Let’s have a look at the biggest movers and shakers of Tuesday’s session:
GAINERS
Emami Paper Mills: The paper products player hit the upper circuit of 20 per cent at Rs 171.35 on the back of a strong technical setup on the daily charts. The traded volume on the counter jumped manifold compared to the two-week average.
Titagarh Wagons: The state run auto player rallied 15 per cent to Rs 117.85 as the company board approved the scheme of amalgamation with Titagarh Bridges and International Private Limited.
Greaves Cotton: The electric utility play was in focus ahead of its investor/analyst meet with Motilal Oswal Asset Management on January 13, 2022. The scrip zoomed 12 per cent to Rs 233.40.
Prism Johnson: The cement player rallied 11 per cent to Rs 150 as the company said its board would meet on February 1 to discuss and approve the results for December 2021 quarter.
Adani Green Energy: The Adani Group’s renewable energy arm hit the upper circuit of 10 per cent at Rs 1,581.80, also its 52-week high, following a strong set of updates in its December quarter report.
LOSERS
Vodafone Idea: The telecom player tanked 21 per cent to Rs 11.80 as the government of India is poised to become the largest shareholder in the company with a 35.8 per cent stake following the conversion of AGR dues into equity.
Hindustan Oil Exploration: The exploration and production player shed 6 per cent to Rs 218.20 on the back of profit booking following a 23 per cent rise in the counter in the last five days.
Gabriel India: The auto parts maker dropped 6 per cent to Rs 141.10 on the back of a weak technical setup on the daily charts. The traded volume of the counter jumped manifold compared to the two-week average.
Shree Rama Multi-Tech: The containers and packaging player slumped 6 per cent to Rs 20.65 on the back of profit booking. A recent rally of 50 per cent in one month has turned investors cautious over the counter.
