Top stock movers — Bharti Airtel, RBL Bank, Pidilite, Titan, Hero Motocorp, Asian Paints, TCS, L&T and others

Top stock movers — Bharti Airtel, RBL Bank, Pidilite, Titan, Hero Motocorp, Asian Paints, TCS, L&T and others
Indian benchmark indices plunge in early trade on Thursday amid negative cues from global markets. The rising coronavirus cases across Europe, and uncertainty over US presidential elections weigh on investor sentiment.

The 30-share BSE index Sensex was down 365.19 points, and the NSE Nifty was trading 0.91% lower at 9:50 am.

Here’s a list of the top losers and gainers in the Nifty pack.
Top Nifty GainersTop Nifty Losers
Axis BankL&T
Asian PaintTitan
HCL TechTata Motors
*as of October 29, 10:00 am

These are the top stocks in news today.

RBL Bank opens 3% higher

The shares of private sector bank RBL Bank opened 3% higher after it reported a 165% jump in its September quarter profit to ₹144 crore. The Reserve Bank of India has also allowed Maple Group to acquire up to 10% stake in the bank.

Larsen & Toubro dips 4%

The shares of engineering and construction giant Larsen & Toubro (L&T) dipped over 4% after it posted a 45% decline in consolidated net profit to ₹1,410.29 crore for the quarter. The company bagged orders worth ₹28,039 crore at the group level during the quarter, registering a decline of 42% compared to the same period last year.

Axis Bank gained 2%

The shares of lender major Axis Bank gained over 2% in a volatile market after it posted a net profit of ₹1,683 crore for the second quarter ended September 30 against a net loss of ₹112 crore in the same quarter last year. The net interest income (NII) zoomed over 20% to ₹7,326 crore during the quarter under review.

Bharti Airtel sheds over 1%

The shares of telecom giant Bharti Airtel shed over 1% after the company indicated on Wednesday that it would refrain from bidding for 5G spectrum at the auctions, which were likely to be held early next year, given the current reserve prices.

Titan down over 4%

The jewellery and fashion apparel maker Titan was trading 4% lower after it reported a 37.81% decline in its standalone net profit to ₹199 crore for the quarter ended September 30, on account of higher expenses.

Hero MotoCorp trims loss

The shares of Hero MotoCorp were trading in a positive trajectory after starting in the red. The company reported a stupendous 9% growth in its consolidated net profit to ₹963.82 crore for the second quarter ended September 30.

Pidilite Industries surge 3%

The shares of Pidilite Industries surged over 3% after the company signed a definitive agreement with Huntsman Group (USA) for acquiring 100% stake in their Indian subsidiary for approximately ₹2100 crore.

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