Top stock movers — Tata Motors, Zee Entertainment, ICICI Bank, Cadila Healthcare, Sterlite Technologies and others

• The 30-share BSE index Sensex was trading 385 points higher at 9:50 am, and NSE Nifty was up 0.92%.
• Here’s a list of 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.

Indian benchmark indices soared on Tuesday, tracking gains in index-heavyweights HDFC, TCS, amid positive cues from the global markets.

The 30-share BSE index Sensex was trading 385 points higher at 9:50 am, and NSE Nifty was up 0.92%.

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

*as of November 3, 9:45 am

These are the top stocks in news today.

Zee Entertainment trades 3% higher

The shares of Zee Entertainment Enterprises gained over 3% after the broadcasting company reported a consolidated net profit of ₹93.41 crore for the second quarter ended September 30. During the quarter under review, its total income was ₹1,760.61 crore as against ₹2,190.13 crore in the same period a year ago.

ICICI Bank trades 4% higher

The private sector lender, ICICI Bank extended gains for the second straight day after rallying over 6%, yesterday. The rally was led by over a six-fold jump in its standalone net profit at ₹4,251 crore for the second quarter ended September 30.

Larsen & Toubro gains over 1%

The shares of construction engineering company Larsen & Toubro gained over 1% after it emerged as the lowest bidder for the C6 package of the National High-Speed Rail Corporation’s (NHSRCL) bullet train project, at ₹7,289 crore. This is the second contract for the company in the mega project.

Cadila Healthcare leaps 9%

The shares of drug major Cadila Healthcare soared 9% post strong result announcement. The company reported an over four-fold jump in its consolidated net profit to ₹473.4 crore for the quarter ended September 30. It has also significantly reduced its net debt-by ₹2,709 crore in the first six months of FY21, which is a 40% reduction from net debt reported in March 2020.

Sterlite Technologies up nearly 2%

The shares of fiber optic cable manufacturing company, Sterlite Tech gained 2% after the company said it would acquire Italy’s Optotec S.p.A., a company specializing in optical interconnect products, for €29 million.

Tata Motors up 3%

The shares of Indian auto giant Tata Motors gained over 3% after it reported a 27% jump in its total domestic sales to 49,669 units in October. The passenger vehicle segment grew 80%, whereas the commercial vehicle segment witnessed a marginal growth at 2%.

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