Top stock movers — RIL, Future Retail, Ircon International, Dr Reddy's Lab, ONGC, HDFC and more

PIXABAY
Advertisement
Indian stock market index Sensex tumbled over 500 points on Tuesday, led by massive sell-off in global stocks amid heavy foreign fund outflow.

The 30-share BSE index was trading 1.52% lower; while the Nifty50 cracked 150 points at 10:05 am.

These were the top losers and gainers in the Nifty pack:
Top Nifty GainersTop Nifty Losers
InfratelIndusInd Bank
Dr. Reddy's LaboratoriesHindalco
Power GridBajaj Finance
Kotak Mahindra BankZee Entertainment Limited
-Tata Motors
*as of September 24, 10:00 am

Advertisement
RIL and Future Retail trade in red

RIL shares down 1%, while Future Retail lost 5% as the Competition Commission of India (CCI) will examine the online and offline aspects of the Reliance-Future Group deal – separately and together – to ascertain their effect on competition, according to reports.

RIL’s retail arm sought the CCI approval for its ₹24,713 crore acquisition of the online and offline businesses of Future Retail.

Ircon International shares gains 2%

Advertisement

The shares of Ircon International surged 2% in an otherwise weak market after it secured contracts worth over ₹400 crore from the Ministry of Railways. The contracts pertain to works of nine roads over bridges.

Dr Reddy's Lab shares up 1%

The shares of Dr Reddy's Labs were trading 1% higher after the company received US Food and Drug Administration nod for its hyperparathyroidism drug, Cinacalcet Tablet.

HDFC Limited shares down 1%
Advertisement

The shares of Housing Development Finance Corporation was down 1% after the company said it is looking to raise up to ₹5,000 crore by issuing bonds on a private placement basis.

ONGC shares down 2%

The shares of state-owned Oil and Natural Gas company was down 2% after a massive fire broke out in its Surat-based Hazira gas processing plant in the early hours of Thursday.

Advertisement
The reason and the damage due to the fire at ONGC plant are yet to be ascertained.

Tata Motors DVR shares up 2%

The shares of Tata Motors DVR 'A' Ordinary were up 2% after the parent company Tata Sons bought 37.63 lakh shares in the company at ₹59.83 per share on the NSE.

Advertisement
Future Consumer shares down 4%

Kishore Biyani owned Future Consumer shares shed 4% value during the early trade hours after the promoter entity Future Capital Investment invoked 36.6 lakh pledged equity shares of Future Consumer.

SEE ALSO: EXCLUSIVE: YES Bank's workforce shrank by 1,000 employees since March but now it's hiring again for the coming year

Online grocery market is booming – HUL's Shikhar app now gets double the orders, Big Baskets rakes in thrice the volume
{{}}