Top stock movers — Future Retail, Vodafone-Idea, Jubilant FoodWorks, ICICI Bank, Hero Moto, Maruti, Infosys, Tata Motors and more
- The Sensex was trading 1.67% lower; while the Nifty was down 1.6%.
- These were the top losers and gainers in the Nifty pack.
- These are the top stocks that are buzzing in trade today.
- Check out the latest news and updates on Business Insider.
These were the top losers and gainers in the Nifty pack:
*as of September 4, 10:00 am
|Top Nifty Gainers||Top Nifty Losers|
|Hero MotoCorp||Zee Entertainment|
These are the top stocks that are buzzing in trade today:
AdvertisementFuture Retail locked in a lower circuit for the third day in a row
The shares of Future Retail were locked in a lower circuit for the third day in a row. The fall was just 5% in comparison to the 10% lower circuit on the previous days. The stock-exchanges have revised Future Retail price band from 10% to 5%. The company is slated to report its first-quarterly earnings today.
Vodafone-Idea jumped 6% on hopes of the fundraising plan
Vodafone-Idea shares rallied nearly 6% as the company board is slated to meet today to consider a $1.5 billion fundraising proposal.
ICICI Bank, IndusInd Bank, Axis Bank, SBI and other banking stocks
The Bank Nifty Index was trading 2.30% lower at 9:43 am with the shares of ICICI Bank, IndusInd Bank, Axis Bank and SBI down nearly 2% following the SC verdict on the moratorium. The apex court has adjourned hearing in the loan moratorium case till September 10 and directed banks that the accounts, which were not declared as non-performing assets till August 31 this year, shall not be declared NPA till further orders.
Infosys down 2% in a volatile market
Shares of IT major Infosys were 2% on September 4, when the market was down 500 points. Infosys acquired a US-based product design and development firm Kaleidoscope Innovation for up to $42 million.
Kaleidoscope Innovation designs microsurgical instruments, devices used in minimally invasive surgery, drug delivery devices for ophthalmic therapies and user-centric wearables.
Tata Motors down 1%
Tata Motors shares lost 1% during the morning trade on September 4, despite the company winning an order from Energy Efficiency Services to procure 250 electric vehicles.
Tata Motors will supply 150 Nexon XZ+ electric compact SUVs for the government use. However, EESL will procure Tata Nexon at ₹14.86 lakh each, ₹13,000 cheaper than its ex-showroom price.
Maruti and Hero MotoCorp only gainers in the auto industry
Maruti and Hero MotoCorp were the only gainers in the auto industry despite the volatile market. The shares of Maruti were up 2% whereas Hero gained nearly a percent.
Jubilant FoodWorks open 2% lower
The shares of Jubilant FoodWorks, the food chain which operates Dominos and Dunkin Donuts in India tanked 2% after the company posted a consolidated net loss of ₹74.47 crore for the quarter ended June 30.
The company’s revenue from operations declined 59.07% to ₹388.41 crore.
AdvertisementSEE ALSO: Top stocks to watch— Future Retail, IndusInd Bank, SBI, Vodafone-Idea, Infosys, HAL, Tata Motors, Jubilant Industries and more
Vodafone Idea may need up to ₹18,800 crore in next two years and tariff hikes to survive, says a new report
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