The BSE Sensex and NSE Nifty ended flat on Wednesday as investors booked profit in recent outperformers, but defence stocks rose after the United States recognised the country as a “major defence partner” during Prime Minister Narendra Modi’s ongoing US visit. Sensex rose 10.99 points to close at 27,020.66, while Nifty surged 6.60 pts to settle at 8,273.05. Click here to track stock markets’ performance today
Below are 8 stocks that remained in focus today:
Telecom stocks: Stocks of telecom companies remained in focus and gained upto 3 per cent intraday after the inter-ministerial panel Telecom Commission backed lowering of spectrum usage charge to 3 per cent of their annual revenue from next auction. The BSE telecom index gained 0.74 per cent up or 9.45 points. Shares of Reliance Communications ended 1.65 per cent up at Rs 49.20, Bharti Airtel closed 0.93 per cent up at Rs 352.40 and Idea Cellular settled 0.19 per cent down at Rs 105.15.
Asian Granito India: Asian Granito India scrip settled 7.56 per cent up at Rs 186.35. after it won 12 lakh square meters order for its recently launched innovative vitrified tiles.
Bharat Forge: Shares of the company ended 2.40 per cent up at Rs 766.75 after its arm Alstom Bharat Forge Power, a joint venture of GE and Bharat Forge, signed a contract worth $219 million (about Rs 1,495 crore) with NTPC for supply of steam turbine generators. Shares of Bharat Forge rose 2.51 per cent at 767.55 in morning trade.
Defence related stocks: Defence related stocks hogged limelight after the United States recognised the country as a “major defence partner” during Prime Minister Narendra Modi’s ongoing US visit.Stocks of companies, including Bharat Electronics , Astra Micro Wave Products Ltd, Reliance Defence and Engineering Ltd and Walchandnagar Industries Ltd ended up 6.25 per cent, 5.60 per cent, 10.32 per cent and 10.86 per cent.
DLF: The apex consumer commission on Tuesday slapped a penalty of 12 per cent per annum on real estate major DLF Ltd to be given to 50 buyers for delaying giving possession of their flats in its Panchkula project in Haryana, saying it amounted to “cheating”. Stocks of the company ended 1.22 per cent up at Rs 136.75.
GMR Infrastructure: Stocks of the company ended 2.78 per cent up at Rs 11.84 after it won two more packages worth Rs 2,280-crore on the Eastern Dedicated Freight Corridor railway project.
NMDC, MOIL: Cash rich mineral explorer NMDC and MOIL will buy back 25 per cent of the paid up shares for about Rs 10,000 crore, two-third of which may accrue to the government. The news failed to cheer the investors as NMDC shares closed 1.36 per cent down at Rs 90.40, while MOIL stocks ended 1.4 per cent down at Rs 239.60.