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  1. 10 stocks that hogged limelight today: Maruti Suzuki, Lux Industries, SBI subsidiaries and more

10 stocks that hogged limelight today: Maruti Suzuki, Lux Industries, SBI subsidiaries and more

Maruti Suzuki shares closed 2.93 per cent down at Rs 4084 after Yen rose more than 1 per cent against the dollar to a 20-month high. The dollar fell to as low as 104.50 yen, its lowest level since October 2014. According to market experts, every 1 per cent rise in yen affects 15-20 basis points (bps) of operating margin for Maruti Suzuki.

By: | New Delhi | Updated: June 16, 2016 4:32 PM
Stocks that made news today Maruti Suzuki shares closed 2.93 per cent down at Rs 4084 after Yen rose more than 1 per cent against the dollar to a 20-month high. The dollar fell to as low as 104.50 yen, its lowest level since October 2014. According to market experts, every 1 per cent rise in yen affects 15-20 basis points (bps) of operating margin for Maruti Suzuki.

The BSE Sensex and NSE Nifty slumped on Thursday following negative sentiment across the globe after the Bank of Japan refrained from taking further stimulus steps. The BOJ’s action came after the U.S. Federal Reserve left interest rates unchanged amid fears about the impact of Britain’s June 23 referendum on whether it should exit the European Union. Sensex slipped 200.88 points to end at 26,525.46, while NSE Nifty cracked below 8,200-mark by falling 65.85 points to 8,140.75.

Below are 10 stocks that remained in focus today:

Stocks of State Bank of India and State Bank of Bikaner and Jaipur, State Bank of Travancore and State Bank of Mysore remained in focus on Thursday as well after Cabinet on Wednesday gave go-ahead to the merger of SBI associates. State Bank of Mysore, State Bank of Travancore and State Bank of Bikaner and Jaipur hit their fresh 52-week high of Rs 659.90, 571.90 and Rs 714.90 in Thursday’s trade.

Shares of Maruti Suzuki closed 2.93 per cent down at Rs 4084 after Yen rose more than 1 per cent against the dollar to a 20-month high. The dollar fell to as low as 104.50 yen, its lowest level since October 2014. According to market experts, every 1 per cent rise in yen affects 15-20 basis points (bps) of operating margin for Maruti Suzuki.

Stock of Ujjivan Financial Services closed 3.32 per cent down at Rs 378.10 after Reserve Bank of India put the company on its ban list for foreign investment, which means overseas investors will not be able to buy further equity in the company.

ALSO READ: SBI merger, debt recast plan boost bank stocks; here are top PSU banking bets

Stocks of Lux Industries Ltd ended 2.88 per cent up at Rs 653.00 after it on Wednesday informed BSE that June 15, 2016 is the commercial operation date of the company’s Dankuni Plant near Kolkata, West Bengal.

Shares of FMCG major Godrej Consumer Products closed 0.53 per cent up at Rs 1490.20 as it is scouting for acquisitions in Indonesia and has shared ‘a wish list of assets’ with various investment bankers as part of its inorganic growth strategy in the South East Asian nation.

Tata Sponge Iron shares settled the day 3.97 per cent down at Rs 638.35 on Wednesday said it has won the bid for delivery of 24,000 tonnes of coal from state-run miner Coal India Ltd (CIL).

Indiabulls Housing Finance said it plans to raise Rs 200 crore by issuing non-convertible debentures. Shares of the company ended 1.02 per cent down at Rs 698.70 on Thursday.

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