The benchmark BSE Sensex on Tuesday fell over 150 points to close at 25,705.93 on weak global cues ahead of the US Fed rate decision on Thursday. NSE Nifty closed 43.15 points down at 7829.10.
Below are the stocks that created buzz today:
Maruti Suzuki: Shares of Maruti Suzuki rose by over 2 per cent as the Reserve Bank allowed foreign investors to pump in up to 40 per cent of the paid up capital in the company. The share price of Maruti Suzuki closed 0.25 per cent up at Rs 4,330.95.
Bharat Forge: Bharat Forge closed 5.98 per cent down at Rs 962.35 after a foreign brokerage firm lowered its target price on the stock, citing concerns over non-auto export growth.
Banking stocks: BSE Bankex slid 0.97 per cent at 19,163.76. Banking stocks witnessed selling pressure after the deputy governor of the Reserve Bank of India R Gandhi told a group of bankers and asset reconstruction companies (ARCs) at an event that the rate of growth of bad loans of Indian banks in 2011-15 was higher than credit expansion.
Corporation Bank: Corporation Bank shares closed 1.50 per cent higher after the bank informed stock exchanges that Life insurance Corporation (LIC) has expressed its intention to infuse Rs 143 crore capital in the bank.
Tech Mahindra: Shares of the company closed 2.82 per cent up at Rs 541.20 after it said on Monday that it has been included in Dow Jones Sustainability Indices under both Emerging Markets and DJSI World category for the first time.