New Delhi: Domestic equity market extended its rally to the third straight session on Thursday. Gains in the global indices supported the markets whereas rising cases of Omicron capped the upside.
The 30-share pack Sensex jumped 384.72 points or 0.68 per cent to close at 57,315.28. Its broader peer Nifty50 rallied 117.15 points or 0.65 per cent to 17,072.60. The broader markets outperformed as BSE Midcap and BSE Smallcap added a per cent each.
Vinod Nair, Head of Research at Geojit Financial Services said, “Domestic bourses continued to trade firm, mirroring an upbeat mood in the global markets led by gains in realty, financials and IT stocks, while broader markets strengthened.”
On the Street, Health had a strong debut after a series of weak listings. Logistics players were buzzing the most while hit the upper circuit on a new acquisition. Saint-Gobain, on the other hand, saw some profit booking.
Let’s have a look at the biggest movers and shakers of Thursday’s session:
GAINERS
MedPlus Health Services: The latest debutant of Dalal Street had a strong listing on the bourses. The scrip extended the gains during the session, with shares settling at Rs 1120.85, up 41 per cent over the issue price of Rs 796.
Ceinsys Tech: The IT player hit the upper circuit of 20 per cent at Rs 211.05 as the company announced the acquisition of Allygrow Technologies, a technology-driven firm having a presence in the US, Europe and India and specialising in product design and robotics automation (manufacturing engineering) services.
State Trading Corporation of India: The state-owned commercial services firm hit the upper circuit of 20 per cent at Rs 108.30 on the back of a strong technical set-up on the daily charts. The traded volume of the company jumped manifold compared to the two-week average.
Logistics Shares: Shares of transportation and logistics players were in demand after the new warehousing policy. Gati zoomed 15 per cent to Rs 195.55 and Snowman Logistics 10 per cent to Rs 41.75.
Share India Securities: The financial services player extended its gains during the session to scale a new 52-week high. The scrip has risen about 30 per cent in the last one week. It ended the session with a gain of 11 per cent at Rs 1010.25.
: The beleaguered telecom services player hit the upper circuit of 10 per cent at Rs 30.65 as the government is selling its assets and land bank.
Ami Organics: The pharmaceutical player jumped 8 per cent to Rs 947 as the company intends to restructure the Ankleshwar production facility and utilise the same for the expansion of pharma intermediate business to support future growth requirements.
LOSERS
TCI Express: The transportation and logistics player tanked 7 per cent to Rs 2,347.90 even when the stocks from the sector were high in demand. The company met Axiom Investors on Wednesday in an investor/analyst meet hosted by Ambit Capital.
Responsive Industries: The home furnishing player continued to bleed as it extended its fall. The scrip dropped another 6 per cent to Rs 110.65. It has been one of the worst performers of 2021 and is trading about 45 per cent below its 52 week high.
Saint-Gobain Sekurit India: The glassmaker dropped 6 per cent to Rs 93.90 on the back of profit booking in the counter. The scrip has rallied about 25 per cent in the last one week and investors decided to take some profit off the table.
Easy Trip Planners: The travel support player has been in a free-fall lately, ever since it acquired the brand name, technology, team, running business and data expertise of YoloBus, an intercity mobility platform. The scrip settled at Rs 522.20, down 4 per cent.
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