The 30-share Sensex gained 488.10 points or 0.82 per cent, to close at 59,677.83. Its broader peer Nifty50 advanced 144.35 points, or 0.82 per cent, to 17,790.35. The broader market outperformed as BSE midcap and smallcap indices added over one per cent each.
Multiple stocks hit upper circuit limits during the session, surging 20 per cent each. Realty stock
and select jewellery stocks were in demand after they posted strong September numbers. Tata Motors gained after an upgrade. Nelco and Srei Infra hit lower circuits.
Let’s have a look at the biggest movers and shakers of Thursday’s session:
Nureca: The recently listed wellness equipment manufacturer zoomed 20 per cent to Rs 1,988.75 after the revision of its circuit filter and strong technical set up. The scrip has gained about 400 per cent over its issue price of Rs 400.
Aban Offshore: The oil and exploration firm hit the upper circuit of 20 per cent at Rs 55 on the back of strong technical setup on the daily charts. The daily traded volume of the counter jumped manifold compared to the two week average.
Best Agrolife: The agrochemical company zoomed 20 per cent to Rs 984.20 ahead of Friday’s board meeting to issue 16,12,674 equity shares at Rs 630 apeice to acquire 100 per cent stake in Best Crop Science Private Limited.
Sobha: The real estate player surged 17 per cent to Rs 885 following the strong update in the September 2021 quarter. The Bengaluru-based firm clocked 49 per cent growth in sales bookings at Rs 1,030.2 crore during the Q2.
Sona BLW Precision Forgings: The recent debutant from the auto sector advanced 12 per cent to Rs 653.05 after the company inked a deal with IRP Nexus Group, Israel to o manufacture Magnet‐less Drive Motor for performance two‐wheelers and three‐wheelers for global market.
Jewellery Stocks: Jewellery stocks created a lot of buzz ahead of the festive season and after they posted strong numbers for September. Kalyan Jeweller settled at Rs 80, 13 per cent higher. Titan Company and Tribhuvandas Bhimji Zaveri added 11 per cent each to Rs 2,376.20 and 91.55, respectively.
Tata Motors: The homegrown auto major was much in demand among the investors after an upgrade from the global brokerage firm Morgan Stanley, which has raised its target to Rs 448 from Rs 298 earlier. The scrip rallied 12 per cent to settle at Rs 376.40.
Nelco: The Tata group’s smallcap communication player hit the lower circuit limit of 5 per cent at Rs 830.85 on profit booking. The company has rallied over 55 per cent in the last one month.
Srei Infrastructure Finance: The NBFC continued to hit lower circuit of 5 per cent to Rs 7.39 after RBI superseded the company’s board amid governance concerns and defaults. It will initiate bankruptcy proceedings against the company.