Top stock movers — RIL, TCS, Vedanta, Tata Steel, ITI, Hero Motocorp and more

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Top stock movers — RIL, TCS, Vedanta, Tata Steel, ITI, Hero Motocorp and more
BCCL
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Indian stock market indices, Sensex rallied over 400 points in early trade on Monday, led by IT, bank and auto stocks.

The 30-share index was trading 1.17% higher, and the NSE Nifty rose 134.10 points at 10:00 am.

Here’s a list of the top losers and gainers in the Nifty pack.

Top Nifty GainersTop Nifty Losers
IndusInd BankM&M
Tata Steel GAIL India
WiproAsian Paints
TCSBajaj Auto
InfosysONGC
*as of October 5, 10:00 am

These are the top stocks in news today.

TCS rallies 5%

The shares of IT major TCS rallied over 5% after the company said it would consider a buyback on October 7. The stock surpassed its previous high of ₹2,554 and was trading at ₹ 2,623 at 9:40 am.
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ITI gains 5%

The central government-owned Indian Telephone Industries Limited, commonly known as ITI Limited, soared 5% after it bagged a ₹7,796 crore deal for the supply of Army Static Switched Communication Network (ASCON).

Reliance Industries up 1%

RIL shares gained nearly a percent after the Mukesh Ambani-owned company cleared yet another hefty cheque from UAE-based Mubadala on Thursday. The Retail arm of RIL has also secured a deal with Singapore’s sovereign wealth fund GIC and global private equity firm TPG Capital. The company said GIC would invest ₹5,512 crore for a 1.22% stake, while TPG Capital Management will invest ₹ 1,838 crore in owning a 0.41% equity stake in the retail arm.

Vedanta open 2% higher

The shares of Vedanta Limited opened 2% higher as the reverse book building process for buyback of shares began today. The company said the process would remain open for public shareholders until October 9.
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Hero Motocorp up over 2%

The shares of two-wheeler giant Hero Motocorp were trading over 2% higher after robust sales growth in September. The company recorded a 17% growth in its sales compared to the same period last year.

Solar Industries gained 6%

The shares of Solar Industries has gained over 6% after it secured a ₹409 crore order from the central government for the supply of Multi-Mode Hand Grenade (MMHG).

Tata Steel gains 5%

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The shares of Tata Steel gained over 5% after news reports surfaced that China's steelmaker Jingye Group has expressed interest in acquiring Tata Steel UK.

SEE ALSO: Weak debut for Angel Broking — shares list at 10% discount from the IPO price

Top stocks to watch— RIL, TCS, HCL Tech, Hero MotoCorp, Vedanta, Solar Industries, ITI and others
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