The BSE Sensex and NSE Nifty fell over 3 per cent on Thursday as fears of a global slowdown and disappointing quarterly numbers combined to batter investor sentiment. Sensex after opening lower at 23,758.46 continued to slide on heavy selling pressure in blue-chips, forcing the index to touch a low of 22,909.12 before settling at 22,951.83 showing a fall of 807.07 points or 3.40 per cent. The 50-share NSE Nifty broke 7,000-mark after plunging 239.35 points or 3.32 per cent to 6,976.35.
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Top 10 stocks that are in focus today
Tata Motors: Shares of the company closed 5.55 per cent down at Rs 275.65 after the company reported 2 per cent decline in consolidated net profit to Rs 3,507.54 crore in the third quarter ended December 31, 2015-16, due to weaker sales mix and higher depreciation costs.
Tata Global Beverages: Shares of the company closed 11.49 per cent down at Rs 104.75 on Thursday after the company reported 29.78 per cent fall in its consolidated net profit at Rs 59.15 crore for the third quarter ended December 2015, dragged by currency fluctuations and expenses on promotions in global markets. The company had posted a net profit of Rs 84.24 crore in the same quarter a year ago.
ACC: Stocks of the company 2.74 per cent down at Rs 1234.30 after it reported 68.61 per cent fall in consolidated net profit figures at Rs 102.39 crore for the quarter ended December 2015 against Rs 326.22 crore in the corresponding quarter a year ago.
Alstom T & D India: The company reported standalone net loss of Rs 18.21 crore for the quarter ended December 31, 2015. The share price of the company ended 6.62 per cent down at Rs 394.95.
Bank of India: Public sector lender shares ended 5.96 per cent down at Rs 85.20 after it reported a net loss of Rs 1,505.58 crore for the third quarter ended December 31, on account of higher provisioning for bad loans.
Union Bank: Shares of the state-owned Union Bank closed 3.26 per cent down at Rs 118.80 after it reported 74 per cent decline in net profit at Rs 78.5 crore for the third quarter of the current fiscal.
State Bank of India: Shares of the company closed 2.99 per cent down at Rs 154.20 after it posted 67 per cent decline in consolidated profit to Rs 1,259.49 crore for the third quarter ended December 31, 2015-16, on account of higher provisioning for bad loans.
Petronet LNG: Stocks of the nation’s biggest liquefied natural gas importer closed 2.25 per cent down at Rs 245.65 after the company reported a 10 per cent surge in its December quarter net profit on shipping higher volumes of gas.
GMR Infrastructure: Stocks of the firm ended 12.41 per cent down at Rs 10.52 after it reported narrowing of its consolidated net loss to Rs 379.38 crore for the December quarter on the back of resolution of regulatory bottlenecks and better operating margins from power plants.
Oriental Bank of Commerce (OBC): Shares of the company closed 11.06 per cent down at Rs 85.20 after it reported a net loss of Rs 424.6 crore for the third quarter ended December 31, due to significant jump in bad loans.