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Market Movers: Voda Idea, IRCTC, Reliance rally; 55 stocks give ‘buy’ signals


NEW DELHI: Aurobindo Pharma surged 20 per cent on Wednesday after the US drug regulator USFDA released Establishment Inspection Report (EIR) with Voluntary Action Initiated (VAl) status to the company.

Vodafone Idea also had reasons to cheer as reports suggested that the government might refrain from encashing its bank guarantees. Shares of the company jumped nearly 40 per cent. IRCTC, meanwhile, continued its dream run and hit another lifetime high during the session.

Benchmark indices snapped a four-day losing streak. BSE benchmark Sensex surged 428.62 points to 41,323, while NSE barometer Nifty ended at 12,130.30, up 137.80 points.

“Dalal Street is currently dancing to the global tunes, and we do not see this scenario changing anytime soon. Traders should keep a close watch on the world markets for further cues. Since we’re seeing a mixed trend on the sectoral front, the focus should be on stock selection and trade management,” said Ajit Mishra, VP – Research, Religare Broking.

Here is a lowdown of the movers and shakers of Wednesday’s session on Dalal Street.

Kotak gets RBI nod to trim promoter stake

Kotak Mahindra Bank said the Reserve Bank has granted its final approval for reducing promoters’ stake in the bank to 26 per cent. Shares of the company closed up 0.31 per cent at Rs 1,696.35.


Nelco to provide in-flight internet


Tata group firm Nelco and Panasonic Avionics Corporation announced forging a partnership for offering in-flight broadband service in Indian skies, starting with Vistara airlines. Shares of Nelco gained 1.07 per cent to Rs 221.

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RIL gains on stake sale talks

Shares of Reliance Industries gained over 2.60 per cent to Rs 1,504.20 after reports suggested that the company’s talks with Saudi Aramco to sell stake is gathering pace.

Voda Idea soars 38 per cent

Shares of Vodafone Idea advanced 38.28 per cent to Rs 4.19 after reports said that the government is unlikely to invoke the company’s bank guarantees for now.

Aurobindo on steroids

Shares of Aurobindo Pharma surged 20.40 per cent after the company said it has received the Establishment Inspection Report (EIR) with Voluntary Action Initiated (VAl) status from the US drug regulator for its unit, which is a general injectable formulation manufacturing facility.


IRCTC at six-time of IPO price


Shares of IRCTC continued their untiring rally as the stock jumped 11.67 per cent to Rs 1830.65. The stock hit an all-time high of Rs 1,872.70 during the day. The price is close to six times of the IPO price of Rs 320.

RIL, HDFC twins lift Sensex

Reliance Industries was the biggest contributor to the Sensex’s gains, adding 114.70 points. HDFC and HDFC Bank together chipped in 112 points. HUL, Bajaj Finance, ITC, ICICI Bank and Axis Bank were other major contributors.


All sectors in the green


All sectoral indices on NSE ended in the green. Nifty Pharma was the biggest gainer, up 2.32 per cent, as nine out of 10 constituents closing with gains. Nifty Media, Nifty Metal and Nifty Realty were among other big gainers.

Most active stocks

IRCTC was the most active scrip on NSE in terms of value of the transactions. It was followed by Aurobindo Pharma, IndusInd Bank, SBI and Tata Motors. In terms of volume of transactions, Vodafone Idea topped the charts, followed by YES Bank, Tata Motors, SBI and NCC.

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55 stocks give ‘buy’ signals

As many as 55 BSE stocks flashed ‘buy’, as they crossed above the signal line of the MACD indicator. They included Religare Enterprises, Aurobindo Pharma, ITI, Brightcom Group. Voltas, MCX, RIETS, HDFC Bank, Vipul Organics and DHFL, among others.





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