Daily Stock Market News

Stocks that made the buzz today


Sensex

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Market Fatafat is designed for viewers to know what stocks are buzzing in trade today. We take up a handful of stocks that are showing sharp movements and discuss why they are the newsmakers for today.

A somber day in trade for the benchmark indices today, Nifty and Nifty Bank were nominally up in the green, with Sensex following suit. Among the broader markets, the Midcaps were marginally in the green, but the small cap index laid in the red. On a sectoral front, all indices except Nifty Energy, Realty and Pharma were comfortably in the green. Stock specific action saw IndusInd Bank, NTPC, HDFC Life, Ultratech Cement gain in trade, while BPCL, Power Grid, Dr Reddy’s Laboratories, Nestle were the top losers today.

These are the stocks that made the buzz in trade today:

Up a whopping 11%, UCO Bank climbed as much as 14% to its highest level since Nov 2019 after about 11.8 mn shares, or 0.1% of equity, changed hands in nine transactions on NSE. UCO Bank is the most traded stock by volume. The stock extended gains for the fifth straight day today.

2. OIL INDIA:

The stock was trading with a negative bias today, down about 2.3% India crude oil basket prices fell below $90/bbl mark in November. This was taken negatively by the street, with oil companies being down in trade today.

3. DELHIVERY:

CA Swift Investments on Monday divested a 2.5 per cent stake in supply chain company Delhivery Ltd for Rs 607 crore through the open market transaction.CA Swift Investments is a special-purpose vehicle, owned and controlled by Carlyle Group. CA Swift Investments Sold 1.84 Cr shares of Delhivery at Rs 330.02. On the other hand, Morgan Stanley Asia (Singapore) PTE bought 48.5 lakh shares of the company at Rs 330 per share.

The stock dipped in trade today, down about 4.3% as 18.4 million shares changed hands in a bulk deal. Nykaa shares were offered at Rs 180 to Rs 183.50 each, a 1.9% to 0% discount to the last close.

5. GLENMARK PHARMA:

This stock was up 2.3% in trade today, on the back of a positive news flow. Glenmark Pharmaceuticals reached settlement agreement with Pfizer for Axitinib Tablets, 1 mg and 5 mg and the generic version of their Inlyta®1 Tablets, 1 mg and 5 mg. Glenmark’s current portfolio consists of 177 products authorized for distribution in the U.S. marketplace and 47 ANDA’s pending approval with the U.S. FDA.

6. NAZARA TECH:

The stock saw a dip of about 1% today due to a piece of news coming in. The panel of state finance ministers is likely to recommend a uniform GST levy of 28 per cent on online gaming

irrespective of whether it is a game of skill or game of chance. Charging 28 per cent GST on the entire amount, which a player deposits for a game for both categories of online game. This would reduce the prize money left for distribution and drive away players from legitimate tax deducting portals. This news did not fare well for Nazara Tech.

7. ICICI BANK, SBI, BANK OF BARODA:

The financials pact, particularly these three names were in the green today. These banks have been named as the preferred stocks among the financials sector by Credit Suisse, which made the stocks gain in trade today.

8. HI TECH PIPES:

A solid winner in trade today, the stock was up almost 15% in trade today. The company will hold a board meeting on 24th November to consider fund raising through preferential issue of securities. On this news flow, the stock skyrocketed today.

9. IRFC:

Indian Railway Finance Corporation surged about 4.5% high in trade today after about 3.44m shares changed hands in two transactions on NSE. The trade includes bunched trades of at least 1 million shares.

10. SYRMA SGS:

The stock was down 4.4% in trade today after the pre-IPO anchor lock-in period opened today. About 3% of the company’s equity was sold today, harming the stock in trade today.



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