The market ran very fast today on the first weekly expiry of June. Both Sensex and Nifty had record closings. With this, the party of the midcap went and the index closed at a record high. In the intraday, Nifty had crossed 15,700. There was buying in realty, infra and banking stocks. There was buying in banking, PSE shares. There was light buying in FMCG and IT stocks. However, pharma, auto stocks remained under pressure.
37 out of 50 Nifty stocks were up. 23 out of 30 Sensex stocks saw gains. 7 out of 12 of Nifty Bank were up. Nifty climbed 114 points to close at 15,690. Sensex closed at 52,232, up 383 points. Nifty Bank climbed 275 points to close at 35,649. While the midcap climbed 245 points to close at 26,363.
The biggest movement in these stocks today
Snowman Logistics | CMP: Rs 56.75 | Share price of Snowman Logistics rose more than 14 percent in early trade on Thursday. The company has announced a partnership with pharma company Dr Reddy’s Laboratories for the delivery of Sputnik vaccine in the country. Snowman Logistics said in a regulatory filing that the company will deliver through its high-capacity temperature controlled warehouse.
Motherson Sumi Systems | CMP: Rs 250.50 | After yesterday’s strong rally, today this stock saw profit recovery and it closed with a weakness of about 6 percent. Let us tell you that the company’s results for the fourth quarter have been very good. The company has made a profit of Rs 713.62 crore during this period. Whereas in the last fourth quarter, the company had a profit of only Rs 183.38 crore.
PVR | CMP: Rs 1,355 | Today the stock managed to gain 2 per cent. The unlock theme seems to be getting the advantage. This stock saw an increase in the hope of decreasing corona cases and unlocking soon.
Muthoot Finance | CMP: Rs 1,508.20 | The stock managed to gain 6 per cent today. The company’s fourth quarter results have been very good. During this period, the company’s profit has been Rs 996 crore with a growth of 22 per cent. Motilal Oswal has raised its target to Rs 1725 and has retained Rating Boy.
Balrampur Chini |CMP: Rs 312.90 | The stock jumped up to 3 per cent today on news of the 20 per cent ethanol blending date being pushed forward.
Titan Company | CMP: Rs 1,694 | Today this stock has seen a gain of about 6 percent. The stock seems to be gaining strength due to rising gold prices.
Panacea Biotec | CMP: Rs 400.45 | The company has incurred a loss of Rs 54.14 crore in the fourth quarter of FY 2021. Due to this news, today the stock has closed with a weakness of about 3 percent.
Cadila Healthcare | CMP: Rs 634.30 | The stock has managed to close in the green today. Zydus Cadila has said that its drug used in the treatment of lung cancer, Osimertinib tablets, has received approval from the USFDA.
Persistent Systems | CMP: Rs 2,409.85 | Today this stock has seen a decline of 2 percent. The company has said that it will grow its business with IBM for hybrid cloud adoption, core IT modernization and digital transformation.
Lupin | CMP: Rs 1,232.50 | Today the stock closed in the red mark. The company’s board has approved the proposal for the company’s entry into the digital health care business.
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