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Maruti Suzuki climbed 2 per cent on reports on a rampup in production after a none-month lull. VA Tech Wabag rallied 15 per cent as the National Green Tribunal made sewage treatment mandatory in the country.
NSE barometer Nifty edged up 15.45 points to 11,936 whereas BSE benchmark Sensex gained 42.28 points to 40,487.
Here is a lowdown of the movers and shakers of Monday’s session on Dalal Street:
Shares of Coffee Day Enterprises fell 8.84 per cent to Rs 43.85 after Bloomberg reported that Blackstone’s plan to buy out the company’s tech park have stalled. The company was seeking to raise Rs 2,700 crore by selling the property to pay its debt.
VA Tech Wabag rallies
Shares of VA Tech Wabag climbed 15.68 per cent to Rs 191.50 amid reports that the National Green Tribunal has directed 100 per cent treatment of sewage entering rivers across the country by March 31 next year. Va Tech Wabag is a multinational player in the water treatment industry.
Maruti gains on production rampup
Shares of Maruti Suzuki gained 1.68 per cent to Rs 6,997 on BSE after the company said it increased production in November by 4.33 per cent year-on-year. The company had witnessed reduced output for nine straight months due to lower demand.
Voda Idea plunges 6%
Shares of Vodafone Idea continued its downward journey plummeting further 6.21 per cent to Rs 6.49 after its chairman Kumar Mangalam Birla said the company may have to shut shops in case there is no governmental support.
Volatility indicator surges
India VIX, the measure of volatility in the market, soared 7.55 per cent to 14.67 at the end of Monday’s trade.
Reality check for realty
Realty stocks were major losers as Nifty Realty index closed 1.57 per cent down at 278. It was dragged by losses in Indiabulls Real Estate (down 5.74 per cent to Rs 57.45), Prestige Estates (down 5.09 per cent to Rs 309.25) and Sunteck Realty (down 3.04 per cent to Rs 386).
Nifty Smallcap index underperformed its peers by a wide margin as it slipped 0.78 per cent to 5,652. It was dragged by Infibeam (down 7.22 per cent), MMTC (6 per cent), Indiabulls Real Estate (5.74 per cent) and GNFC (5.41 per cent). Nifty Midcap index fell 0.08 per cent to 16,719 while Nifty 500 gained 0.01 per cent to 9,669.95.
Most active stocks
Key Sensex movers
HDFC and Reliance Industries were the biggest contributors to Sensex gains, adding 131 points.
54 stocks flash ‘sell’ signals
As many as 54 stocks flashed ‘sell’ signals as their prices fell below respective MACD signal lines. They included
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