Stocks to watch: The domestic equity market was trading in the green in the afternoon trade on Wednesday, October 9, after the monetary policy committee (MPC) of the Reserve Bank of India (RBI) in the latest policy meeting that was held between October 7 and October 9 decided to keep the repo rate unchanged at 6.5% for the tenth straight time.
However, the members of MPC decided to change the policy stance to neutral from "Withdrawal of Accommodation."
At 12:50 pm, the S&P BSE SENSEX was trading at 82,009.79 levels, up 374.98 points, or 0.46%. The NSE NIFTY50 index was ruling at 25,155.75, up 142.60 points, or 0.57%.
Here is a list of stocks that are buzzing in today's trade.
Varun Beverages: Shares rose nearly 3% as the company has approved raising of funds of up to ₹7,500 crore through a Qualified Institutions Placement (QIP).
SpiceJet: Shares of the airline surged over 8% to ₹66.74 after the company said it has amicably settled a $132 million dispute with aircraft leasing firm Babcock & Brown Aircraft Management (BBAM).
The dispute, valued at $131.85 million (₹1,107 crore) with the lessors -- Horizon Aviation 1 Ltd, Horizon II Aviation 3 Ltd, and Horizon III Aviation 2 Ltd -- has been resolved for $22.5 million, SpiceJet said in a statement.
All these lessors are under the management of BBAM.
Realty stocks: Real estate stocks were trading higher in the noon deals on Wednesday, October 9, after the RBI kept the policy rate unchanged for the tenth straight time and shifted the stance to 'neutral'.
The NIFTY REALTY index was trading 1.67% higher at 1,047.10.
Suzlon Energy: Shares of
Suzlon Energy jumped as much as 9.3% to ₹80.59 apiece on the BSE on Wednesday, October 9, as the price band of the company's stock, according to reports, has been revised to 10% from 5% earlier.
Torrent Power:
Torrent Power shares hit a record high of ₹1,983.70 apiece on the BSE after the company on Tuesday said it has secured a contract from the Maharashtra government to supply 2,000 megawatt energy storage capacity from its upcoming plant in the state.
RITES: The stock was trading nearly 10% higher at ₹330 on the BSE. The stock jumped as the company announced that it has signed a Memorandum of Understanding (MoU) with Etihad Rail for developing railways and related infrastructure services works in the UAE and wider region.
Reliance Power: The stock was locked in the 5% higher circuit. Last week, the board of directors of Reliance Power approved a proposal to raise up to $500 million (about ₹4,198 crore) through issuance of bonds. The board also approved an Employee Stock Option Scheme (ESOS) for all employees of the company, the company said in a regulatory filing.
Nestle India: Shares of the FMCG major were trading 2% lower at ₹2,530 apiece on the BSE. The company on Monday announced a change of leadership with the appointment of Manish Tiwary as the Managing Director of the company after the incumbent, Suresh Narayanan, retires in July next year.
TCS: The company's shares were trading nearly 0.6% higher at ₹4,275.55 apiece on the BSE ahead of the Q2 earnings announcement due tomorrow.
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