The 30-share pack Sensex jumped 533.15 points or 0.88 per cent to close at 61,150.04. Its broader peer Nifty50 gained 156.60 points or 0.87 per cent to 18,212.35. The broader markets rose in line with the benchmark indices as BSE midcap and smallcap indices settled a per cent higher.
Vinod Nair, Head of Research at Geojit Financial Services said, “Led by realty, auto, energy and banking stocks, benchmark indices extended its winning streak for the fourth consecutive day despite the fast spread of covid cases. Global sentiments were positive ahead of the release of US inflation data as the Fed Chair’s testimony eased worries.”
Shares of Apex Frozen Foods and were in high demand. Goldiam International shares rallied as the company board will consider a stock split. On the other hand, Alankit and Kellton saw profit booking. Vishwaraj Sugar and JSW Ispat declined ahead of their Q3 results.
Let’s have a look at the biggest movers and shakers of Wednesday’s session:
Apex Frozen Foods: The packaged seafood player zoomed 16 per cent to Rs 349.95 on the back of a strong technical set-up on the daily charts. The traded volumes jumped manifold compared to the two-week average.
Sheela Foam: The home furnishing player advanced 15 per cent to Rs 3,782.70 as the outlook for the company turns better. The company’s demand and margin have improved.
Sequent Scientific: The animal pharmaceutical firm advanced 12 per cent to Rs 183.10 as it completed consolidation of its Brazilian operations by increasing its shareholding in Evance Group to 100 per cent for effective consideration of Rs 44.6 crore.
Goldiam International: The diamond jewellery player zoomed 11.32 per cent to Rs 1,002.45 after the company said its board will meet on February 8 to consider the proposal for stock split and first interim dividend, if any.
GHCL: The commodity chemical player added 11 per cent to Rs 426.20 as the company informed the bourses about its board meeting scheduled on January 27, to consider and approve the results for the quarter ended on December 31, 2021.
Adani Power: The Adani Group’s power player hit the upper circuit of 10 per cent at Rs 118.95 as it approved the appointment of Shersingh B Khyalia as the company’s chief executive officer (CEO) with effect from January 11, 2022.
Alankit: The commercial services player tanked 9 per cent to Rs 18.80 on the back of profit booking in the counter following a sharp 33 per cent rise in the last one week.
Vishwaraj Sugar Industries: The smallcap sugar player shed 8 per cent to Rs 25.05 ahead of its board meeting scheduled on Saturday, January 15, to consider and approve financial results for the December 2021 quarter.
Kellton Tech Solutions: The smallcap IT firm has been on investors’ radar given its 67 per cent rally since December 21, 2021. Following the sharp run up, cautious traders took some money off the table, driving it 8 per cent down to Rs 85.
JSW Ispat Special Products: The iron and steel player slumped 7 per cent 33.95 ahead of its results for the quarter scheduled a week later on January 19. The company board will meet to consider and approve the results.
Greaves Cotton: The electric vehicle player declined 7 per cent to Rs 220.95 as the bourses sought clarification from the company over the sharp rise in price and volume.
Credit: economictimes.indiatimes.com – Source link