The benchmark indices erased some of the previous day's losses to close higher on September 29. The Sensex ended 0.49 percent higher at 65,828.41, and the Nifty 0.59 percent at 19,638.30. About 2,246 shares advanced, 1256 declined, and 152 were unchanged.
2/11
NTPC: Shares darted up after an 800-MW plant went on stream. The rise in stock price also followed a "buy" call from ICICI Securities with a target price of Rs 300. The share ended at Rs 245.55, up nearly 4 percent from the previous close.
3/11
Dr Reddy's Laboratories: The stock gained over 3 percent, making it the second biggest gainer on the Nifty after the company incorporated a step-down wholly-owned subsidiary. The entity will be engaged in importation, warehousing, distribution and exportation. Dr Reddy's Laboratories ended around 3 percent higher at Rs 5,587.00.
4/11
Hindalco Industries: The stock was up about 3 percent, with more than 37 lakh shares changing hands. A day earlier, the stock has tanked 2 percent. The stock closed 5 percent higher at Rs 492.65 on September 29.
Hero MotoCorp: The share ended nearly 3 percent higher at Rs 3,057.25 with four lakh shares changing hands on the exchanges during the day.
6/11
Divis Laboratories: The stock ended at Rs 3,765.15 , nearly 3 percent higher from the previous close. Around three lakh shares changed hands on the exchanges.
7/11
LTIMindtree: The stock was the top loser on the Nifty after Accenture’s modest revenue growth guidance of 2-5 percent year-on-year (YoY) in constant currency terms (CC) for the fiscal year 2023-24 (FY24). The Dublin-headquartered Accenture's 3-percent sequential decline in deal bookings in the August-ended quarter (Q4FY23) versus earlier guidance of flat growth, too, spelled bad news for the rest of the IT pack. LTIMindtree ended 1.05 percent down at Rs 5,209.85.
8/11
Adani Enterprises: The stock of the Adani flagship firm slumped a day after it was reported that Abu Dhabi-based International Holding Company (IHC) had entered into a pact with a buyer to sell its stake in two Adani group companies. The stock ended at Rs 2,413.90, down 2.48 percent from the previous close on the NSE.
HCL Tech: The stock, too, joined the slump in IT stocks after Accenture’s modest revenue growth guidance of 2-5 percent year-on-year (YoY) in constant currency terms (CC) for the fiscal year 2023-24 (FY24). The share ended lower at Rs 1,234.80, down nearly 1 percent on the NSE.
10/11
Power Grid Corporation of India Ltd.: The stock ended 0.5 percent lower at Rs 199.75. The share's exchange volumes touched one-month average of 2 crore in the September 29 session.
11/11
Tech Mahindra Ltd.: The stock ended 0.54 percent lower at Rs 1222.80. As many as 29. 30 lakh shares exchanged hands on the exchanges, which is the same as the one-week average volume.
