Domestic equity market fell for the fifth consecutive trading session on Tuesday on account of weak global markets. Sensex closed 219.78 points down at 25,310.33, while NSE Nifty50 index settled 63.70 points down at 7,701.70.
Below are some stocks that remained in focus today:
Amtek Auto: Shares of the company remained in limelight on Tuesday after the shares traded with high volumes on market reports that JP Morgan has recovered 85 per cent dues of the ailing auto maker. The stock was trading up more than 15 per cent on the news. The scrip closed 10.98 per cent up at Rs 51.55.
GAIL: Stocks of the company closed 5.05 at Rs 339.50 as it mulls closing coal-fired power plants near metro cities.
Tata Communications: Share price of Tata Communications gained 0.66 per cent after it informed BSE that its South Africa-based subsidiary Neotel and Vodacom SA confirmed that they have concluded a modified transaction in terms of which Vodacom will acquire the majority of Neotel’s assets related to its fixed line business as a going concern, excluding, inter-alia, Neotel’s licenses (spectrum, ECN, ECNS).
3i Infotech: Shares of 3i Infotech closed 6.83 per cent up at Rs 5.63 after the board of the mid-sized IT Company approved a debt realignment scheme and restructuring of foreign currency convertible bonds (FCCBs).
Eicher Motors: The share price of Eicher Motors closed 1.04 per cent up after it resumed production at facilities in Thiruvottiyur and Oragadam near Chennai that were closed due to heavy rains and floods near Chennai.
ONGC, Oil India, RIL, Cairn India: Oil India, ONGC, Reliance Industries and Cairn India plunged 3.38 per cent, 3.57 per cent, 1.18 per cent and 5.57 per cent, respectively, as crude falls to 7-year low on international markets.
Wockhardt: Wockhardt has received Qualified Infectious Disease Product (QIDP) status for its new drug WCK 5222, a product from its breakthrough New Drug Discovery program in Anti Infectives from the US Food and Drug Administration (FDA). This is the fourth product from the company to receive this coveted status. The share price of the pharma major closed 0.87 per cent down at Rs 1,637.25.
Unichem Laboratories: Shares of Unichem Laboratories gained 2.34 per cent on Tuesday after the company infomed BSE that it has received final ANDA approval (tentative approval was received earlier) from the United States Food and Drug Administration (USFDA) for Irbesartan Tablets USP. Irbesartan Tablets USP 75mg, 150mg and 300mg are therapeutically equivalent to Avapro Tablets, 75mg, 150mg and 300 mg of Sanofi-aventis U.S.LLC.
NHPC: NHPC shares fell over 3 per cent on Tuesday after the company informed that its Sewa-ll Power Station (120 MW) in Jammu & Kashmir has been completely shut down for attending annual maintenance of machines/MIVs for about 20 days with effect from December 07, 2015.