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Indian stocks ended Thursday’s trading session in the red as the market saw a sharp fall in the last hour. The NSE Nifty50 ended at 17522.45, 82.50 points lower while the benchmark BSE Sensex closed at 58774.72, down 310.71 points. Here are the top stocks that moved the most in today’s trading session:
LIC | Shares of Life Insurance Corporation (LIC) rose on Thursday as shares of the state-run insurer traded ex-dividend — meaning shares bought now will not be eligible for the next dividend payment. The ex-dividend date is usually one business day before the record date. Its shares rose as much as one percent during today’s trading session. However it ended 0.2 percent up.
IDBI Bank Ltd | Shares of IDBI Bank Ltd jumped over 9 percent and hit a four-month high of Rs 43.85 on the BSE in early morning trade after reports said the government plans to sell at least 51 percent in the state-backed lender. Its shares ended 7.1 percent up at Rs43 apiece on the BSE.
Adani Port & Special Economic Zone Ltd | The Nifty50 was the worst loser, with its shares down nearly 2.5 percent.
Oil and gas stocks | Shares of oil and gas companies extended gains on Thursday as crude remained above $100 a barrel amid supply concerns. Shares of ONGC, Oil India, HPCL, IOC, BPCL, ended 0.3 to 1.3 percent higher on BSE. However, shares of IGL, MGL, GSPL ended 0.3 to 1.8 percent lower.
Bharti Airtel | Bharti Airtel promoter Bharti Telecom will buy 3.33 percent stake from Singtel at about Rs 12,895 crore within 90 days, the telecom operator said on Thursday. Shares of Bharti Airtel rose 4 percent in early trade following the development, and investors on Dalal Street welcomed Bharti Telecom’s move to acquire a stake in the telco. Its shares ended XX percent XX on the BSE. (Down 0.2 percent)
Tata Motors | Jaguar Land Rover (JLR), a subsidiary of UK-based Tata Motors, posted a 6 percent lower retail sales in the April-June quarter at a time when its peers like Audi, BMW and Mercedes Benz sold around 3.5 percent. Shares of Tata Motors ended nearly 0.9 percent lower on the BSE.