SENSEX, NIFTY extend losses; Enviro Infra Engineers, Vedanta, Campus Activewear among buzzing stocks

The Indian equity benchmarks extended losses in noon deals ahead of weekly expiry of NIFTY50 futures and option contracts due later in the day. The SENSEX fell as much as 362 points and NIFTY50 index touched an intraday low of 25,360 dragged down by losses in index heavyweights like Bharti Airtel, Reliance Industries, Infosys, ICICI Bank, HDFC Bank and Mahindra & Mahindra.

Here are buzzing stocks in trade on Thursday:

On the BSE, 4.55 lakh shares changed hands against an average of 12,000 shares traded daily in the past two weeks.

Meanwhile, media reports suggested that the company forayed into Sri Lankan market last week.

The company, in a regulatory filing, said its JV with AltoraPro Infrastructure Private Limited, named Enviro Infra Engineers Limited AIEPL JV has been awarded a contract by the Maharashtra Industrial Development Corporation (MIDC). The project involves the upgradation of common effluent treatment plants (CETPs) with zero liquid discharge (ZLD) systems across cooperative industrial estates in Ichalkaranji, Hatkanangale, and Yadrav in Kolhapur.

The order is aimed at pollution control and environmental restoration of the Panchganga River, and includes design, supply, installation, construction, testing, start-up, commissioning, performance guarantee testing, operation and maintenance of the CETPs. The execution timeline is set for 24 months.

The stock has been under pressure after US short seller Viceroy Research on Wednesday called billionaire Anil Agarwal-led British firm Vedanta Resources a "parasite" that is "systematically draining" its Indian unit, an allegation which the group called "selective misinformation and baseless" aimed at discrediting it.

The US firm took a short position against the debt of Vedanta Resources, the UK-based parent of Indian miner Vedanta Ltd, alleging that the group "is a house of cards built on a foundation of unsustainable debt, looted assets, and accounting fiction."

Bernstein said that rising incomes, rapid urbanisation and low mortgage penetration has set the stage for a secular up-move in mortgage credit.

On the BSE, 48,000 shares changed hands as against an average of 8,077 shares traded daily in the past two weeks.