Indian equity benchmarks have clocked modest gains in midday trade. The Nifty is hovering near 24,650 while the Sensex advanced about 100 points. The Nifty Bank gained nearly 200 points, approaching the 55,000 mark.
In the broader market, the Nifty Midcap 100 and Nifty Smallcap indices also traded in negative territory. The Nifty Midcap 100 was lower by nearly 46.55 points at the time of reporting.
Here is a look at the movers and shakers in trade today-
Blue Dart Express
The Blue Dart Express share price has jumped 10 per cent intraday after the company announced a shipping rate hike of 9–12 per cent, effective from next calendar year. The stock touched a high of Rs 6,169 per share, marking its steepest single-day gain since March 25.
Despite the intra-day rally, the stock remains down 15.5 per cent year-to-date, compared with a 4.3 per cent advance in the benchmark Index. Blue Dart’s market capitalisation currently is at Rs 14,137.93 crore.
Man Industries
The share price of Man Industries plunged 13% intra-day after SEBI imposed Rs 25 lakh penalty and barred the company and its three top executives, including the chairman and MD from accessing the stock market for 2 years.
JSW Holdings
JSW Holdings has been under selling pressure, with the stock locked in a lower circuit.
At 12:13 pm, the share price of JSW Holdings was trading in red, down 5 per cent at Rs 16,309.00, on NSE.
The counter has declined for three consecutive sessions, losing 8.55 per cent over this period.
Over the past week, the stock has fallen 6.25 per cent, while the Sensex slipped 1.95 per cent. In the past month, it is down 1.44 per cent, contrasting with a 0.94 per cent gain in the benchmark.
J&K Bank
The J&K Bank share price traded in green at Rs 104.90, up 5 per cent from the previous close of Rs 99.55 on September 30 at 12:16 pm. On a one-year basis, the stock is down 6.50 per cent, broadly in line with the Sensex’s 6.08 per cent decline.
Coforge
The Coforge share price advanced nearly 4 per cent in Tuesday’s session, supported by positive brokerage commentary. CLSA initiated coverage on the stock with an ‘outperform’ rating, citing strong execution and capable leadership under current management.
The brokerage issued a target price of Rs 2,346, implying an upside of over 50 per cent from the previous close of Rs 1,547.
PVR INOX and Prime Focus
Media and entertainment stocks declined after U.S. President Donald Trump announced a 100 per cent tariff on films produced outside the United States.
“Our movie-making business has been stolen from the United States of America, by other Countries, just like stealing ‘candy from a baby’,” Trump wrote on Truth Social. “To solve this long time, never-ending problem, I will be imposing a 100 percent tariff on any and all movies that are made outside of the United States.”
Following the announcement, PVR INOX share price and Prime Focus share price fell as much as 5 per cent in Tuesday’s trade.