Top stock movers — TCS, Vodafone Idea, Adani Ports, Larsen & Toubro, Sterling and Wilson Solar and more

BCCL
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Indian stock market index Sensex jumped nearly 200 points in early trade on Friday tracking gains in index majors TCS, Reliance Industries and Sun Pharma amid positive cues from Asian peers.

The 30-share BSE index was trading 0.48% higher, while the Nifty50 was up 62 points at 9:50 am.

These were the top losers and gainers in the Nifty pack:
Top Nifty GainersTop Nifty Losers
Dr Reddy HUL
CiplaBajaj Fin Services
Sun Pharma HDFC Life
Adani PortsKotak Bank
Eicher MotorsBajaj Auto
*as of September 18, 10:30 am

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These are the top stocks that are buzzing in trade today.

RITES gain 2% ahead of the board meeting

The shares of infrastructure company RITES Ltd were trading 2% higher during the early trading hours on September 18. The board of the company is slated to meet today to consider the buyback proposal of the fully paid-up equity shares of the company.

Sterling and Wilson Solar opened 5% higher

The shares of Sterling and Wilson Solar opened 5% higher after the company secured a 106.71 MW solar project in Chile worth $62.6 million (about ₹462 crore).
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“The order has been received from a global independent power producer (IPP), work for which is expected to begin in Q4 FY 2021," the company said in a statement.

TCS trading 1% higher

The shares of Tata Consultancy Services gained 1% after the firm announced that it has partnered with Phoenix Group, the UK's largest long-term savings and retirement business. The company plans to launch an enhanced client analytics tool for workplace pension clients of its subsidiary Standard Life Assurance Limited.

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Vodafone Idea gains 4%

The shares of telecom giant Vodafone Idea were trading 4% higher after media reports surfaced that it dropped the faster data speed claims as part of priority offering and is in the process of filing a revised plan.

Hindalco jumps 2%

The share price of Hindalco gained over 2% after the company signed an MoU with Hindustan Copper for the long-term purchase and sale of copper concentrate produced by Hindustan Copper. Under this MoU, around 60% copper content of Hindustan Copper's current concentrate production will be utilised by Hindalco in the manufacture of refined copper.

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Defence stocks gain ground

The shares of Bharat Forge, Larsen & Toubro, and Hindustan Aeronautics Limited gained nearly about a percent after India permitted foreign direct investment (FDI) of up to 74% under automatic route in the defence sector.

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