Stock market today: The domestic stocks crashed on escalating Middle East tensions. In the afternoon deals, the BSE SENSEX was trading at 82,884.13 levels, down 1382.16 points, or 1.64%. The NSE's NIFTY50 index was trading at 25,372.70, down 424.20 points, or 1.64%.
Here is a list of stocks that are buzzing in today's trade.
ITD Cementation: Shares of the company were locked in the upper circuit limit of 20% at ₹644.40 apiece on the BSE after the company said it has secured a contract for constructing a multistoried commercial building worth approximately ₹1,937 crore, including taxes and duties in Uttar Pradesh.
Tata Motors: Tata Motors shares were trading 3.26% lower at ₹933.90 apiece on the BSE as the auto major on Tuesday reported a 15% decline in total domestic sales at 69,694 units in September as compared to 82,023 units in the year-ago month.
Total passenger vehicle (PV) sales in the domestic market, including electric vehicles, stood at 41,063 units last month as against 44,809 units in September 2023, down 8 percent, Tata Motors said in a statement.
BSE: Shares of
BSE jumped up to 8% to ₹4,161 on the NSE as the country's oldest stock exchange is seen as having an upper hand against rival NSE in the derivatives market following SEBI's new rules to regulate the F&O market.
Suzlon Energy: The stock was trading 3.78% lower at ₹76.72 apiece on the BSE on Thursday as the company recently received warning letters from both the NSE and the BSE. This, as per news reports, comes as a result of the company’s failure to adhere to the regulations set forth by the Securities and Exchange Board of India (SEBI). Notably, the company did not comply with the Listing Obligations and Disclosure Requirements (LODR), prompting these regulatory notices.
Dabur: Shares of the FMCG firm slumped nearly 8% after the company said its profitability in the second quarter will be impacted due to low primary sales with heavy rain and floods in parts of India affecting out-of-home consumption and consumer offtake despite demand trends seeing some improvement. The stock tanked 7.69% to ₹571.25 on the BSE. On the NSE, it declined 7.75% to ₹571.
Oil-linked stocks: Tyre, paint, and oil marketing companies' stocks were trading in the red on spike in crude oil prices given escalating conflict in the Middle East.
Bharat Forge: Shares of the company were trading 2.65% lower at ₹1,489.65 apiece on the BSE as in September, North American orders for Class 8 trucks reached a 10-month high of 30,000 units. When compared to August, these orders increased 124%, while year-on-year, they decreased 3.5%.
Adani Ports was trading nearly 3% lower at ₹1,425 apiece on the BSE in line with the market trend. The company announced a 14% year-on-year (YoY) rise in the amount of cargo handled for September. The company’s total amount of cargo handled in September stood at 37.5 million metric tons (MMT).
The company reported that the rise in cargo volumes was propelled by containers, which grew by 31% YoY. Liquids and gases also witnessed growth as they rose 11% YoY.
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