Market Update: IFCI zooms 24%; L&T, HCL Tech top Nifty gainers, Sun TV at 52-week high, M&M falls 3%
It was noted on Thursday that the stocks gained the most from the BSE. The gained stocks included IFCI that zoomed over 24 percent followed by Unitech, Wockhardt and Manappuram Finance.
On Thursday, the Indian benchmark indices were trading flat with the Sensex down 14 points while the Nifty was down 1 point at 10444.
Unitech from the realty space zoomed over 12 percent after the 2G case verdict.
Unitech Limited is India’s second-largest real estate investment company and has recently claimed to be the largest real estate builder in the country.
Next, the media stocks were also buzzing with Sun TV Network jumping close to 5 percent while Network18 and TV18 Broadcast added close to 3 percent each.
Sun TV is a Tamil satellite television station in India. Sun TV is also a Tamil language satellite television channel launched on 14 April 1992. It is the flagship channel of the Chennai-based Sun TV Network.
From the Nifty, the stocks that gained the most were Larsen & Toubro which gained over 2 percent followed by HCL Tech, Hero MotoCorp, Hindalco Industries and Tata Steel.
HCL Technologies Limited is an Indian multinational IT services company, headquartered in Noida, Uttar Pradesh, India. It is a subsidiary of HCL Enterprise.
The most active stocks were Wockhardt, Sun TV, Maruti Suzuki, RComm and Reliance Capital.
The market breadth was in favour of the advances on Thursday afternoon with 1107 stocks advancing as against 552 declines. On the other hand, 1672 stocks advanced and 922 stocks declined on the BSE.