1. Swan Energy, ABG Shipyard, Visa Steel among 10 stocks that hogged limelight in Wednesday’s trade

Swan Energy, ABG Shipyard, Visa Steel among 10 stocks that hogged limelight in Wednesday’s trade

The BSE Sensex and NSE Nifty snapped a three-day gaining streak on Wednesday on account of selling in frontline blue chip counters following weak global cues.

By: | New Delhi | Updated: October 5, 2016 4:06 PM
BSE Sensex, NSE Nifty The BSE Sensex and NSE Nifty snapped a three-day gaining streak on Wednesday on account of selling in frontline blue chip counters following weak global cues.

The BSE Sensex and NSE Nifty snapped a three-day gaining streak on Wednesday on account of selling in frontline blue chip counters following weak global cues. Market sentiment was dampened as Nikkei India Services Business Activity Index eased to 52 in September from 54.7 in August, pointing to a slower and moderate rate of expansion. Sensex closed 113.57 points down at 28220.98, while Nifty settled 25.20 points down at 8743.95.

Below are 10 stocks which remained in news today:

ABG Shipyard: ABG Shipyard shares surged over 9 per cent after reports that ICICI Bank has acquired 11.08 per cent stake in the company on conversion of compulsorily convertible preference shares (CCPS) to equity.

Vedanta: Mining conglomerate Vedanta Ltd expects that Goa will export around 20 million tonnes of iron ore in the current fiscal. Shares of Vedanta closed 2.32 per cent up at Rs 191.50.

NBCC: The company secured total business worth Rs 1117 crore in September. Shares of NBCC settled 1.35 per cent up at Rs 280.60.

Eastern Treads: Shares of the company soared over 6 per cent after it got business order from Kerala State Road Transport Corporation (KSRTC) to supply 540 mt of tyre retreading materials.

ICICI Bank: Private sector lender ICICI Bank reduced marginal cost of funds-based lending rate by 0.05 per cent to 9.05 per cent. The scrip closed 1 per cent down at Rs 255.65.

Bhushan Steel: Debt-laden Bhushan Steel said its shareholders have approved the company’s proposal to raise up to Rs 1,155 crore through issue of redeemable cumulative preference shares. Bhushan Steel shares settled 0.92 per cent up at Rs 43.65.

Visa Steel, JSPL, Tata Steel: Shares of metal companies closed higher after the government on Tuesday extended the minimum import price (MIP) on 66 steel products for a period of two months.

Swan Energy: Swan Energy shares continued to hit upper circuit for the third trading session. The scrip has jumped over 60 per cent in the past four days. Read more

 

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