The 30-share Sensex soared 445.56 points or 0.75 per cent to close at 59,744.88. Its broader peer Nifty50 added 131.05 points or 0.74 per cent to 17,822.30. BSE midcap and smallcap indices also settled in the green.
Chemical and fertilisers stocks stole the spotlight during the session, followed by power players. ONGC zoomed 11 per cent thanks to the gas price hikw. Srei Infra hit lower circuit while Tejas Networks plunged following an offer from the Tata Group.
Let’s have a look at the biggest movers and shakers of Tuesday’s session:
TOP GAINERS
Chemical Stocks: Chemicals stocks were high in demand thanks to a sharp rise in prices at international level. IG Petrochemical and DCW hit upper circuit of 20 per cent each to Rs 925.25 and Rs 63.60, respectively. Shree Pushkar Chemicals & Fertilisers and Bodal Chemicals also soared 10-12 per cent.
GM Breweries: The alcohol maker hit the upper circuit of 20 per cent to Rs 746.25 ahead of its board meeting scheduled for October 12 to consider and approve the financial results for the September quarter.
Arvind Fashions: The apparel player has been in focus of investors and scaled new 52-week high ever since the change in shareholding pattern of the company. The scrip soared 20 per cent, its upper circuit limit, to Rs 343.65.
Patel Engineering: The construction and engineering has been on a roll since it has bagged an order worth Rs 1,251 crore Lot II Civil Work contract for 500 MW Teesta-VI Hydro Electric Project from a wholly owned Subsidiary of NHPC. It zoomed 20 per cent to Rs 28.85.
Oil and Natural Gas Corporation: The bluechip company settled 11 per cent higher at Rs 163.70. The government last week raised the price of natural gas by 62 per cent to $2.9 per unit and it is the biggest beneficiary of the move.
TOP LOSERS
Srei Infrastructure Finance: Shares of the NBFC hit lower circuit limit of 5 per cent to close at Rs 8.17 after RBI has superseded the company’s board due to governance concerns and defaults. It will initiate bankruptcy proceedings against the company.
Tejas Networks: The domestic telecom gear player tanked 5 per cent, its daily circuit limit, to Rs 515.90 after Tata Group firms made open offer to acquire up to 26 per cent stake in the company for around Rs 1,038 crore.
McLeod Russel India: The tea and coffee producer shed 5 per cent to Rs 29.80 ahead of its results for the September 2021 quarter. The company will announce the results soon.
Dalmia Bharat Sugar and Industries: The sugar player gave up over 4 per cent to Rs 463.15, as investors booked profits in the company after a sharp 20 per cent rise in the last one week.
