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India’s benchmark index ended Monday’s trading session on a negative note. The NSE Nifty50 ended at 16887.35, 207 points lower and the BSE Sensex ended at 56788.81, down 638.11 points. Here are the top stocks that moved the most:
Nykaa | The Board of Directors of FSN E-Commerce Ventures, the parent company of e-commerce brand Nykaa, has announced five bonus shares for each shareholder held, the company informed the stock exchange. Its shares traded more than 7.8 percent higher after the announcement. It ended 2.4 percent higher.
ONGC | The leading gainer of the Nifty50, its shares ended nearly 4.6 percent higher.
Suzlon Energy Ltd | Shares of Suzlon Energy plunged over 7 percent on Monday on the BSE following news of the death of Tulsi R Tanti, founder, chairman and managing director, and one of the promoters of the company. The stock is also in the spotlight as Suzlon Energy shares trade ex-rights from Monday. Its shares ended nearly 1.4 percent lower.
Adani Port & Special Economic Zone | The company said it was in line to meet its annual cargo volume guidance of 350-360 million metric tons (MMT). The company maintained its guidance despite a prolonged monsoon and a ban and higher duties on rice exports imposed in early September. India’s largest commercial port operator reported 13 percent year-on-year growth in cargo volume in September to 26.1 MMT. Its shares ended 4.3 percent lower.
Rail Vikas Nigam Limited | Shares of Rail Vikas Nigam Limited (RVNL) surged over seven percent on Monday after the company bagged a contract for the construction of a four-lane highway in Andhra Pradesh from the National Highways Authority of India (NHAI). The highway will connect Samarlakota and Achapeta Junction. Its shares ended nearly 6.4 percent higher.
CSB Bank | CSB Bank shares rose more than 5 percent in early morning trade as the bank saw 10 percent growth in deposits for the July-September quarter. Its shares ended 6.9 percent higher.
Adani Enterprises | The biggest loser was the Nifty50, whose shares ended 8.4 percent lower.
Pharmacy stock | Nifty Pharma was the only gainer among the sectoral indices on Monday, rising 1.1 percent. Shares of Granules India, Natco Pharma, Torrent Pharma, Cipla, Gland Pharma, Dr Reddy’s Laboratories, IPCA Laboratories, Glenmark, Sanofi, Aurobindo Pharma, Zydus Lifesciences, Lupine ended 1.1 to 6 percent higher.