Gainers Losers: The market closed at the top level of the day with a great recovery, these stocks were the biggest movement

Today the market made a great recovery despite a weak start. The recovery of 250 points from the lower levels in the Nifty, while the Bank Nifty improved by about 950 points. Our news of preparations for a big move on privatization of public sector banks led to a tremendous rally in bank stocks. The market has managed to close the day’s high with a spectacular recovery.

Nifty saw a rise after falling for 3 days. There was buying in PSU Bank, CPSE shares. There was buying in metal, energy, realty shares. However, auto, IT stocks remained under pressure.

Nifty closed with a correction of 240 points from the lower level. At the same time, the Sensex closed with a correction of 834 points from the bottom. Nifty Bank closed with a correction of 933 points from the bottom. The Midcap index closed with a correction of 675 points from the bottom.

36 out of 50 Nifty stocks were up. Out of 30 Sensex stocks, 22 stocks were up. All the 12 stocks of Nifty Bank were up. Sensex closed 230 points higher at 52,574. At the same time, Nifty climbed 63 points to close at 15,746. Nifty Bank climbed 313 points to close at 34,871. While the midcap climbed 209 points to close at 26,705.

The biggest movement in these stocks was

NTPC | CMP: Rs 118.05 | The stock rose 4 per cent today on the back of strong fourth quarter results. In the fourth quarter, the company’s profit has increased three times to 4,649.49. In the fourth quarter of last year, the company’s profit stood at Rs 1,629.86 crore. The company’s board has also announced the final dividend of 3.15 per share for 2020-21. The company had also recommended an interim dividend of Rs 3 per share in February 2021.

PNB Housing Finance | CMP: Rs 700.95 | SEBI has directed the company to stop its Rs 4,000 crore deal with Carlyle Group. The company has appealed against SEBI in the Securities Appellate Tribunal. The stock fell 5 per cent today.

Central Bank of India, Indian Overseas Bank For the Privatisation of public sector banks, the government can make changes in the Act related to banking in the monsoon session of Parliament. There is a preparation for changes in the rules related to government stake and control in public sector banks. After this news, all government banks including IOB and Central Banks have run.

Centrum Capital | CMP: Rs 52.70 | Today this stock has seen a gain of more than 4 percent. On June 21 i.e. in today’s trading, the shares of Centrum Capital saw a jump of more than 7 percent in intraday. Let us inform that on June 18, RBI has given in-principle approval to make Centrum Financial Services a small financial bank. This has cleared the way for Centrum Capital to acquire the crisis-ridden Punjab and Maharashtra Co-Operative Bank (PMC).

Jet Airways | CMP: Rs 94.75 | Today the stock rose 5 per cent. According to a report in CNBC-TV18, Jet Airways is set to resume operations within six months of getting approval from the National Company Law Tribunal (NCLT). The Kalrock-Jalan consortium, the new owner of Jet Airways, is in talks with the government on the availability of slots. According to information received from sources, Jet Airways is also ready for the option of alternate slot on plus/minus 15 basis.

Reliance Home Finance, Authum Investment | CMP: Rs 585.90 | The share of Autum Investment saw an increase of 2 percent today. While Reliance Home Finance ran 4 per cent. Let us inform that Authm Investments has emerged as the successful bidder for acquisition from all the assets of Reliance Home Finance. Authum Investments will now acquire all the assets of Reliance Home Finance.

Bharat Dynamics | CMP: Rs 350.70 | Today this stock has closed in red mark. The company’s profit in the fourth quarter has seen a decline and it has come down by 15.9 percent on a year-on-year basis to Rs 260.4 crore. The company’s earnings have also seen a decline of 21 percent on a yearly basis.

GMR Infrastructure | CMP: Rs 30.70 | The stock today gained 8 per cent on the back of good results. The company’s loss on a yearly basis has come down from Rs 127,16 crore to Rs 7,25.47. However, there has been a decline in the earnings of the company during this period. It has come down from Rs 23,48.75 crore to Rs 23,20.53 crore.

Hinduja Global Solutions | CMP: Rs 2465.40 | The stock rose 5 per cent today on the back of good fourth quarter results. The company’s profit on a yearly basis has increased from Rs 44.84 crore to Rs 130.31 crore and income has increased from Rs 1285.7 crore to Rs 1563.58 crore.

BHEL | CMP: Rs 68.10 | The stock rose 6 per cent today. However, Kishil has downgraded the company’s long-term credit rating from AA/Negative to AA-/Negative.

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