The 30-share pack Sensex tanked 396.34 points or 0.65 per cent to close at 60,322.37. Its broader peer Nifty50 shed 110.25 points or 0.61 per cent to 17,999.20. The broader markets ended mixed. BSE midcap declined, whereas smallcap closed in the green.
Arijit Malakar, Research Head, Ashika Stock Broking said, “The market declined sharply today despite positive cues from other markets. Domestic sentiments were impacted by surging inflation owing to a spike in demand and supply chain snags.”
Auto stocks witnessed good buying interest on reports of ease in chip and semiconductor shortages while PolicyBazaar’s parent PB Fintech gained for the second-day post strong listing on Monday. Investors, however, booked profits in Monte Carlo and , among others.
Let’s have a look at the biggest movers and shakers of Tuesday’s session:
GAINERS
TV Today Network: The media player surged 17 per cent to Rs 402.50 amid a strong technical set-up on the daily charts and heavy volume trades. More than 1.13 million shares exchanged hands on BSE, which is more than 50 times its two-week average.
Auto stocks: The shares of auto and auto parts makers were in focus amidst the rising demand for electric vehicles and amid reports of ease in chip shortages. JBM Auto jumped 12 per cent to Rs 867, Sharda Motor Industries advanced 10 per cent to Rs 728.90 and Maruti Suzuki added 7 per cent to Rs 8,049.65.
PB Fintech: The recently listed parent company of PolicyBazaar surged 12 per cent to Rs 1342.35 as Capital Research and Management bought 34,18,354 equity shares or 0.76 per cent stake in the company.
Thermax: The heavy electrical equipment player advanced 10 per cent to Rs 1,800 after the company informed the bourses about restructuring the share capital and its subsidiaries to expand its business in Sri Lanka region.
Aurum Proptech: The latest pick of smallcap czar Porinju Veliyath continued its upward move as it hit the 10 per cent upper circuit at Rs 161. The company has been in focus ever since it announced stake purchase in Integrow Asset Management.
LOSERS
Gayatri Projects: The construction and engineering player tanked another 8 per cent to Rs 32 after the company reported a net loss of Rs 190.41 crore in the September 2021 quarter as against a net profit of Rs 2.86 crore in the same quarter previous year.
Monte Carlo Fashions: The apparel maker shed over 7 per cent to Rs 585.85 as the investors turned cautious and booked profits in the counter. The scrip had advanced about 50 per cent in the last one week.
Asahi India Glass: The smallcap auto player dropped 7 per cent to Rs 489.55 as the BSE sought clarification from the company over the wild movement in its traded volume.
Metropolis Healthcare: The healthcare services company declined 6 per cent to Rs 3,141.45 ahead of its investor/analyst meet scheduled for November 18, Thursday with Mongan Stanley.
Endurance Technologies: The auto player fell about 6 per cent to Rs 1,694.40. The company has been on a downward slope ever since it reported a poor set of numbers for the September quarter.
