The 30-share pack Sensex shed 81 points or 0.13 per cent to close at 60,353. Its broader peer NSE Nifty gave up 27 points or 0.15 per cent to 18,017. Among the broader markets, BSE Midcap shed half a per cent while the BSE Smallcap index settled flat.
Arijit Malakar, Head of Research (Retail) at Ashika Stock Broking said, “The market traded on a negative note amid subdued global cues as a surge in oil and Chinese factory gate prices added to worries surrounding inflation.”
Despite weakness on D-Street, made a blockbuster debut, almost doubling investors’ money. Among other stocks, India soared amid strong volumes on the counter. On the other hand, Mangalam Organics witnessed profit booking while companies with tepid Q2 show were hit hard.
Let’s have a look at the biggest movers and shakers of Wednesday’s session:
GAINERS
FSN E-commerce Ventures: The parent company of Nykaa made a stellar debut on Dalal Street. The company got listed at a premium of 78 per cent. It extended its rally during the day and settled at Rs 2208.35, 96 per cent over its issue price of Rs 1,125 per share.
Novartis India: The shares of the pharmaceuticals firm jumped 12 per cent to Rs 900.45 on the back of a strong technical set-up. The daily traded volume of the counter jumped manifold compared to the two-week average.
Kennametal India: The industrial machinery player gained 9 per cent to Rs 1,580 after it posted over two-fold jump in its net profit to Rs 28.3 crore for the first quarter ended September 30 on account of higher income.
HEG: The graphite electrode player rose 10 per cent to Rs 2,252 as the company reported a consolidated net profit of Rs 131.52 crore in Q2FY22 as against a net loss of Rs 15.36 crore in Q2FY21.
Intellect Design Arena: The IT software provider rallied 8 per cent to Rs 750 as the traders anticipated some more positive news flow from the company in the days ahead.
Redington (India): The distributor of Apple products in India jumped 7 per cent to Rs 155 following its investor/analyst call regarding the unaudited financial results for the quarter ended September 30, 2021.
LOSERS
Mangalam Organics: The commodity players tanked 10 per cent to Rs 1,118 on the back of profit-taking on the counter. The scrip had risen about 50 per cent over the last few sessions and investors took some money off the table.
Firstsource Solutions: The BPO/KPO player plunged 10 per cent to Rs 179.80 despite the company reporting a 28 per cent jump in profit to Rs 135.01 crore in the quarter ended September 2021 as against Rs 105.29 crore in Q2FY21.
Strides Pharma Science: The pharma player slumped 9 per cent to Rs 504.10 after it reported a consolidated net loss of Rs 162.55 crore in Q2FY22 as against a net profit of Rs 80.94 crore in the same quarter previous fiscal.
Bharat Heavy Electricals: The state-run heavy electrical equipment firm shed 8 per cent to Rs 66.40 on posting a net loss of Rs 45.98 crore in the September 2021 quarter.
India Cements: The cement player dropped 6 per cent to Rs 210 as it posted a 69 per cent fall in its Q2 net profit to Rs 21.97 crore as against a net profit of Rs 71.43 crore a year ago.
