Sensex, Nifty up near 1% - Top 5 bulls and bears of Thursday

From provident funds scheme to capital infusion in insurance companies, the government has announced key measures for the revival of Indian economy amid Covid-19 pandemic.

Jul 09, 2020 03:07 IST India Infoline News Service

Stock traders celebrating
The Indian markets were performing much better during the second half of  Thursday's trading session. At around 3.08 pm, the Sensex was trading at 36,672.06 surging by 343.05 points or 0.94%, while the Nifty 50 was trading at 10,798.90 above 93.15  points or 0.87%. The performance of domestic indicestoday was swayed after key decisions were announced by the Union Cabinet. From provident funds scheme to capital infusion in insurance companies, the government has announced key measures for the revival of Indian economy amid Covid-19 pandemic.

Here is the list of top 5 gainers and losers of the day on Sensex.

Bajaj Finance: The stock was performing at Rs3,322.15 per piece, higher by 3.70%. The company has presented its performance for Q1FY21, where new loans booked stood at 1.7 MM as compared to 7.3 MM in QI FY20. Assets under management (AUM) stood at approximately Rs138,000cr as of June 2020.

SBI: The stock was trading at Rs198.20, up 3.26%. SBI, that also holds a stake in Yes Bank, stated that the Executive committee of the central board (ECCB) has accorded approval for a maximum investment of up to Rs1,760cr in the latter's FPO.

HDFC: Surging by 2.99%, trading at Rs1,940.90 per piece. According to a Business Standard report, HDFC will use part of the fresh capital it plans to raise to set up a real estate fund, in collaboration with other investors, to finance stressed projects.

Tata Steel
: The stock was performing at Rs344 per piece, up by 2.93%. The company's overall production and sales volumes in Q1FY21 were lower as the outbreak of Covid-19 and ensuing mobility restrictions severally impacted industrial activity and consumer sentiment across all geographies. 

HCL Technologies: The stock was up 2.68% trading at Rs590.05 per piece. The Record Date for determining the entitlement of the shareholders for the payment of aforesaid interim dividend shall be July 25, 2020, subject to the approval of the interim dividend by the Board of Directors.


ONGC: The stock was performing lower by 1.78% at Rs80.10 per piece. The state-owned company has posted a net loss of Rs3,098.26cr during Q4FY20, compared to the net profit of Rs4,239.50cr a year ago same period. ONGC has recognized an Exceptional Item towards impairment loss of Rs4,899cr in Q4 FY20 to factor into estimated future crude oil and natural gas prices. This has adversely impacted PAT for Q4FY20 and FY20 as compared to last year.

Maruti Suzuki: Trading at Rs5970 per piece, down by 1.22%. Total production (including passenger and light commercial vehicle) of Maruti, stood at 50,742 vehicles in June 2020 compared to 111,917 vehicles in the same month of the previous year. In the passenger segment, total production for the month came in at 49,476 vehicles down from 109,641 unit of June 2019.

Tech Mahindra: The IT company was trading at Rs577.05 per piece lower by 1.16%. Tech Mahindra has unveiled a new digital platform, called 'Blockchain-based Contracts and Rights Management System' (bCRMS) for the global media and entertainment industry. This platform is developed to enable production houses and content creators to track revenue, royalty payments, manage rights and address content piracy by leveraging IBM blockchain.

Sun Pharma: The stock was down 0.56% performing at Rs481.30 per piece. The company has received closure notice from the district administration of Dadra and Nagar Haveli after reportedly some 18 of its employees tested positive for Covid-19.

ITC: The company was trading at Rs195.30 per piece, down by 0.48%. As per a LiveMint report, ITC is launching a soap and body wash under its recently introduced Savlon Hexa brand in the race to capture the growing personal and home hygiene products market amid the COVID-19 pandemic.

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