Biggest gainers & losers of the day: HCC zooms 20%, Whirlpool drops 5%

The 30-share pack Sensex zoomed 1,016.03 points or 1.76 per cent to close at 58,649.68. Its broader peer Nifty50 rallied 293.05 points or 1.71 per cent to 17,469.75. The broader markets ended in green as the BSE midcap and smallcap indices added over a per cent each.

Ajit Mishra, VP – Research, Religare Broking said that as RBI policy is behind us, the focus will shift back to global cues and upcoming macro data. “Further, as the number of IPOs is lined up, primary markets will keep investors busy,” he said.

Among the gainers, and zoomed 20 per cent each. HFCL was in demand ahead of its QIP. IFCI continued to move higher. crashed amidst the growth concerns, whereas investors booked profits in Satin Creditcare.

Let’s have a look at the biggest movers and shakers of Wednesday’s session:

GAINERS

Hindustan Construction Company: The construction player hit its upper circuit of 20 per cent at Rs 15.57, after it released the information about defaults on payment of interest and repayment of principal amount on loans from banks and financial institutions and unlisted debt securities.

Reliance Industrial Infrastructure: The construction and engineering player zoomed 20 per cent to Rs 996.20 on the back of a strong technical setup on the daily charts. The traded volume jumped manifold compared to the two-week average.

IFCI: The state-run NBFC continued its rally following the credit rating upgrade from ICRA. It has zoomed more than 50 per cent in December so far. It advanced 16 per cent to Rs 17.83 during the day.

Greenlam Industries: The furniture and furnishing player gained 13 per cent to Rs 1,680.60, after the company informed about the acquisition of 34,70,566 equity shares of HG Industries at a price of Rs 40.10.

HFCL: The telecom gear maker added 12 per ent to Rs 86.95, after the company announced to raise funds via qualified institutional placement. The company has set a floor price of Rs 72.33 for the fundraising.


LOSERS

Whirlpool of India: The consumer electronic goods maker hit its 52-week low of Rs 1,820 amid growth concerns. The scrip tanked 6 per cent to Rs 1,893.80.

Satin Creditcare Network: The microfinance player shed 5 per cent to Rs 83.85 on the back of profit-booking. The scrip had surged about 25 per cent in the last week as traders took some profit off the table.

IIFL Finance: The NBFC hit its lower circuit of 5 per cent at Rs 308.10, despite an upgrade from CARE Ratings for IIFL Samasta Finance Limited, a subsidiary of the Company.