ETMarkets After Hours: ITC smoked out; Bajaj Finance smashes record




Here’s a look at the top stocks and sectors that hogged the limelight in Wednesday’s session. NSEBSEITCLoading data…

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    ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESBajaj FinanceLoading data…

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      ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESSun PharmaLoading data…

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        ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESSREI InfrastructureLoading data…

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          ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESRatnamani Metals & T…Loading data…

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            ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESKotak Mahindra BankLoading data…

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              ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESJSW SteelLoading data…

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                ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESHindalcoLoading data…

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                  ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESKotak Mahindra BankJSW SteelITCHindalcoBajaj FinanceEXPAND TO VIEW ALL The domestic stock market, which has been oscillating between positive and negative terrains due to geopolitical tension, slipped back into the red on Wednesday as North Korean tension weighed on investor sentiment.

                  The S&P BSE Sensex lost 148 points to close at 31,662 on Wednesday amid heavy selling in FMCG, pharma and banking counters.

                  The 30-share pack, which opened at 31,713 against the previous close of 31,809, hit an intraday high and low 31,727 and 31,586, respectively. Kotak Mahindra Bank (up nearly 1 per cent) emerged the top gainer while drug major Sun Pharma (down nearly 4 per cent) finished as worst laggard.

                  The broader Nifty50 index of the National Stock Exchange (NSE) lost 36 points to close the session at 9,916, with 19 constituents ending in the green and 32 in the red.

                  Here’s a look at the top stocks and sectors that hogged the limelight in Wednesday’s session:

                  IPO mart gets busy
                  The Srei Infrastructure Finance-led Bharat Road Network kicked off its initial public offer on Wednesday. The company will raise Rs 600 crore by selling up to 2.93 crore equity shares in Rs 195-205 per equity share price range. The issue got subscribed 20 per cent till 3:45 pm. The issue received bids for 58,85,187 shares against total issue size of 2,93,00,000. The public issue of Noida-based consumer electronics manufacturer Dixon Technologies also hit the market on Wednesday. Till the time of writing of this report, the issue was subscribed 54 per cent.

                  Dixon

                  Bharat Road Network

                  Bharat Financial on a high
                  Shares of non-banking financial company Bharat Financial Inclusion hit their highest level since November 2010. On Tuesday, the Reserve Bank of India (RBI) restricted foreign investors from buying more shares in the company after the allowed investment limit reached the ceiling, said a PTI report. The stock settled the day at Rs 951 apiece, up 3 per cent.

                  ITC smoked out!
                  FMCG major ITC plunged after global brokerage firm Macquarie downgraded the stock to neutral citing fall in cigarette volumes. The stock ended as the top contributor to the Sensex fall, slipping 2.43 per cent to Rs 275.55 apiece.

                  Bajaj Finance smashes record
                  Shares of Bajaj Finance shot up 4 per cent to hit a fresh record high. The gains were seen after the company on Tuesday launched a share sale to institutional investors to raise Rs 4,500 crore. The company is looking to sell 26.6 million shares at Rs 1,690 each, a 5.8 per cent discount to Tuesday’s close. The stock settled at Rs 1,858 apiece, up 4 per cent.

                  Metals keep shining
                  Defying the trend, metal stocks shone on Wednesday with the Nifty Metal index surging 27 points to end at a fresh 52-week high of 3,605 with 11 constituents in the green and 4 in the red. Ratnamani Metals & Tubes (up 4.47 per cent), JSW Steel (up 2.69 per cent) and Hindalco (up 1.69 per cent) emerged as the major contributors to the surge.




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