NEW DELHI: Shares of Mrs Bectors Food Specialities on Thursday made a stellar debut on Dalal Street, listing with a premium of 74 per cent, against their issue price of Rs 288. Overall, heavy buying in energy, banking and financial and FMCG counters took the benchmark equity indices higher for the third straight session.
Vinod Nair, Head of Research, Geojit Financial Services said, “Governments plan to set logistics ready to vaccinate frontline health workers in the first phase boosted investor sentiments. Momentum in European markets on hopes of Brexit deal also helped Indian indices to trade higher.”
Here is a lowdown on what happened in today’s trade:
Mrs Bectors doubles on debut
Mrs Bectors Food Specialities made a robust debut on bourses. The scrip closed around 107 per cent higher at Rs 595.55 on the BSE against the issue price of Rs 288.
Vedanta climbs over 8%
Billionaire Anil Agarwal’s Vedanta advanced more than 8 per cent after reports said parent Vedanta Resources, which failed to garner the required number of shares to delist its Indian arm Vedanta in October, will buy up to 5 per cent stake on Thursday through block deals. The scrip settled 8.11 per cent higher at Rs 162.65.
Firstsource Solutions surges 15%
Firstsource Solutions advanced for the third straight session and logged a fresh 52-week high, extending gains as the company announced this week the acquisition of PatientMatters, a healthcare Revenue Cycle Management (RCM) solutions provider. The scrip closed 15 per cent up at Rs 91.90.
Who moved my Sensex
As many as 20 components in the Sensex pack ended the day in green with Axis Bank gaining the most 3.04 per cent. It was followed by Sun Pharma (up 2.67 per cent), ONGC (up 2.59 per cent), Reliance Industries (up 2.58 per cent) and HDFC (up 2.23 per cent). On the other hand, Infosys, Nestle India, IndusInd Bank and Dr Reddy’s Labs declined up to 1.32 per cent.
Promoter action: Adani Enterprises, Mindtree
Promoters Gautam S Adani, Rajesh S Adani (on behalf of SB Adani Family Trust) revoked pledge of 1.11 lakh shares of Adani Enterprises on December 22, BSE data showed on Thursday. Shares of Adani Enterprises closed 2.17 per cent up at Rs 473.20.
Designated person Prashant Mehra of Mindtree sold 5,000 shares of the company on December 23. The scrip closed 0.21 per cent up at Rs 1,599.25.
Stocks at 52-week high
As many as 117 stocks scaled 52-week highs on the NSE. Some of the stocks in the list included Adani Enterprises, AGC Networks, Bajaj Auto, Cadila Healthcare, Borosil Renewables, Firstsource Solutions, Excel Realty, Genus Power, JSW Steel and Jindal Stainless (Hisar), among others.
Stocks that hit upper circuit
As many as 359 stocks hit upper circuits on the BSE. These included Majesco, Reliance Infra, Raj Oil Mills, Tanla Platforms, Suryalakshmi Cotton Mills, Greenpanel Industries and GTL Infra, among others.
Stocks that flash buy
Some 39 stocks on the BSE flashed the ‘buy’ signal on the MACD indicator during the day. They included Vedanta, Firstsource Solutions, NHPC, Reliance Industries, Cadila Healthcare, NIIT and Jubilant Life, among others.
Most active counters
With a total traded quantity of 40.92 crore shares, Vodafone Idea emerged as the most active stock on the NSE in terms of volume. It was followed by Vedanta (27.09 crore), YES Bank (12.46 crore) and SAIL (8.94 crore). On the other hand, Vedanta (Rs 4,373 crore), Mrs Bectors Food (Rs 2,126 crore), Reliance Industries (Rs 1,895 crore) and Bajaj Finance (Rs 1,355 crore) stood among most active in terms of value.
Where is Nifty headed?
Rohit Singre, Senior Technical Analyst, LKP Securities said the Nifty50 index has reached to its upper band of resistance which was at 13,775.
“Going forward, if index managed to sustain above the said level then we may see the extension in rally otherwise we may see some profit booking in the index, support for Nifty is coming near 13,680-13,600 zone,” said Singre.