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ONGC, Anand Rathi, Hariom Pipes, and more: Key stocks that moved most on April 13
Indian equity benchmarks gave up initial gains to end in red amid choppy trade on Wednesday. BSE Sensex closed 0.41 points lower at 58,338.93 and NSE Nifty50 settled at 17,475.70, down 0.31 percent. From ONGC to Anand Rathi, here are key stocks that moved the most in April 13 trading session:
Duroply Industries locked in 10% upper circuit
Duroply Industries shares were locked in 10 percent upper circuit after ace investor Porinju Veliyath & his wife Litty Thomas increased their shareholding in the company. Ace investor Porinju Veliyath & his wife Litty Thomas have bought 7,000 equity shares in the plywoods company which has nearly Rs 86 crore of market capitalisation, via open market transactions on April 12.
Closing bell: Anand Rathi, AU SFB, BEL among stocks that hit 52-week high
Inflation angst keeps European stocks under pressure
European shares slipped for a third straight session on Wednesday as anxiety about elevated inflation and its potential impact on upcoming earnings season dampened the mood. The pan-European STOXX 600 index fell 0.1%, with retail and travel and leisure stocks offsetting gains in oil & gas and mining shares. Investor worries over rising interest rates in response to galloping inflation have roiled global markets.
Closing Bell: Sensex ends lower for third straight day, Nifty below 17,500 amid weak inflation data
Sensex ends 260.64 points lower, or 0.44 percent down at 58,315.73 while NSE Nifty ends at 17,465.80, down 64.50 points, or 0.37 percent lower.
Exports up nearly 20% to $42 bn in March; trade deficit widened to $18.5 bn
The country's exports in March 2022 rose 19.76 percent to USD 42.22 billion as compared to the year-ago period, according to a commerce ministry data released on Wednesday. Last month, imports grew 24.21 percent to USD 60.74 billion, it showed. The trade deficit in the month under review widened to USD 18.51 billion as compared to USD 13.64 billion in March 2021.
BSE Smallcap index rises 0.5 percent led by the Apollo Pipes, Reliance Industrial Infrastructure, Gandhi Special Tubes
Tata Steel arm completes acquisition of controlling stake in Rohit Ferro-Tech
Tata Steel Mining, an unlisted wholly-owned subsidiary of Tata Steel, has successfully completed the acquisition of a controlling stake of 90 percent in Rohit Ferro-Tech in accordance with the approved Resolution Plan under the Corporate Insolvency Resolution Process ('CIRP') of the Insolvency and Bankruptcy Code 2016 ('IBC').
Market Watch | Buy Kotak, PNB Housing: Hemen Kapadia, KRChoksey Securities
- Buy Kotak Mahindra Bank with a stop loss of Rs 1,765 and a target of Rs 1,840
- Buy PNB Housing Finance with a stop loss of Rs 395 and a target of Rs 455
- Buy Amara Raja Batteries with a stop loss of Rs 550 and a target of Rs 610
Govt allows state power generating cos to toll up to 25% of linkage coal
Fino Payments Bank to invest in Paysprint Private Limited
The board of Fino Payments Bank has approved a minority strategic investment by the Bank in New Delhi based Paysprint Private Limited. The bank will be investing up to 12.19 percent in fintech by way of subscription to its shares. Fino Payments Bank shares rose 2.95 percent at Rs 312.75 on the BSE.
Jindal Steel FY22 sales volume rise 23%
Jindal Stainless Limited’s (JSL) total sales volume for FY22 stood at 1,011,292 MT, up by 23 percent as compared to FY21. During Q4FY22, the company’s sales volume stood at 269,168 metric tonnes(MT), registering an uptick of 6 percent YoY.