New Delhi: Domestic equity markets settled lower on Tuesday, tracking a dull mood in the global markets as investors cautiously awaited the US inflation data. Selling pressure in private lenders also weighed on the market mood.
The 30-share pack Sensex shed 112 points or 0.19 per cent to close at 60,433. Its broader peer NSE Nifty gave up 24 points or 0.13 per cent to end at 18,044. Broader markets outperformed as the BSE Midcap and Smallcap indices gained a per cent each.
Sectorally, auto, PSBs and consumer durables climbed against the market trend. While in stock-specific moves, SH Kelkar hit the upper circuit following a bulk deal on the counter while the party in Mangalam Organics shares continued. Vodafone Idea and Centum Electronics too buzzed ahead of their results. That said, shares of HG Infra bled in spite of doubling the Q2 profits.
Let’s have a look at the biggest movers and shakers of Tuesday’s session:
GAINERS
SH Kelkar and Company: The personal products player hit the upper circuit of 20 per cent to Rs 183.70 after 10 per cent of the total equity of the personal products company changed hands via block deals.
Mangalam Organics: The commodity chemicals player extended its rally as it surged 17 per cent to Rs 1,274. The trading in the shares of the company began on National Stock Exchange (NSE) with effect from November 2. The scrip has jumped more than 50 per cent in November thus far.
Subex: The IT software company’s shares zoomed 13 per cent to Rs 47.40 as the company exercised its Employee Stock Options (ESOP) scheme, where it is granted 40,000 equity shares at an exercise price of Rs 6 each.
ESAB India: The industrial goods player advanced 12 per cent to Rs 2,823.80 on the back of a strong technical setup. The traded volume on Tuesday jumped manyfold compared to the two-week volume average.
: The speciality chemicals player surged 10 per cent to Rs 2,030 ahead of its earnings call with investors and analysts on Wednesday for financial results of the company.
Vodafone Idea: The telecom service provider jumped 6 per cent to Rs 10.43 ahead of its board meeting scheduled on Friday, November 12 to consider and approve the financial results for the quarter ended September 30, 2021.
LOSERS
HG Infra Engineering: The construction and engineering player tanked 7 per cent to Rs 735 despite the company reporting a 97 per cent YoY rise in the net profit at Rs 74.51 crore in September 2021 quarter.
MAS Financial Services: The NBFC shed over 5 per cent to Rs 760 amid a weak technical set-up. The traded volume on Tuesday jumped manifold compared to the two-week average.
: The basmati rice firm fell 5 per cent to Rs 281.45 after it reported a 9 per cent decline in its consolidated net profit at Rs 136.22 crore for the quarter ended September. Its net profit stood at Rs 149.81 crore in the year-ago period.
Centum Electronics: The smallcap commercial services player declined 5 per cent to Rs 593.05 ahead of its results for the September 2021 quarter scheduled on Wednesday, November 10.
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