Market Overview
On the notable day of Fin Nifty expiry, the Indian stock market experienced a significant surge, with the Sensex and Nifty closing on a high note. There was robust buying activity in mid-cap and small-cap stocks, particularly in the IT and pharmaceutical sectors. Indices related to real estate, energy, and metals also posted gains, while oil and gas stocks faced some selling pressure. Ultimately, the Sensex closed at 81,921.29, marking a gain of 0.44%, equivalent to 361.75 points. Meanwhile, the Nifty concluded at 25,041.10, reflecting a gain of 0.42%, or 104.70 points.
Top Gainers and Movers
Several stocks made headlines today due to substantial trading activity and noteworthy price movements:
1. Premier Energies
Current Market Price (CMP): Rs 1,161.85
Premier Energies witnessed a sharp decline of approximately 12% after an impressive rally over the past eight trading sessions. Having surged as much as 4.84% to reach an intra-day high of Rs 1,264.90, the stock faced profit booking, dropping to Rs 1,114.00, representing a significant pullback from its previous high.
2. Inox Wind
CMP: Rs 241.10
Inox Wind experienced a notable increase of over 3% today, driven by high trading volume and positive market sentiment. Approximately 2 crore shares changed hands on BSE and NSE, significantly surpassing the average weekly trading volume of 1 crore shares, highlighting strong investor interest.
3. Paytm
CMP: Rs 653.60
Paytm shares saw a rise of 4% today, backed by substantial trading volume with 2 crore shares exchanged on BSE and NSE. The uptick is partly attributed to the GST Council’s decision not to impose any new GST on UPI transactions below Rs 2,000, encouraging transaction volume on the platform.
4. Suzlon Energy
CMP: Rs 78.05
Suzlon Energy’s stock climbed by 5% following Morgan Stanley’s ‘overweight’ rating and a target price set at Rs 73.4. The optimistic outlook is supported by the company’s anticipated improved earnings in FY26-27, driven by significant contracts, including a notable engagement on a project with NTPC.
5. IREDA
CMP: Rs 235
IREDA’s stock surged by 5% following the announcement of an agreement for a 900 MW hydropower project in Nepal, which was signed in collaboration with SJVN and GMR. This strategic partnership underscores the company’s commitment to renewable energy initiatives.
6. Snack Stocks
Impact of GST Reduction
The snack manufacturing sector has seen positive momentum with the reduction of GST rates from 18% to 12%. Companies such as Bikaji, Pratap, and Gopal Snacks reported a 6% increase in their share prices, reflecting market optimism regarding the anticipated growth in this sector.
7. HG Infra Engineering
CMP: Rs 1,757
HG Infra Engineering shares closed up by 8% after securing a significant order worth Rs 781 crore from the Ministry of Road Transport. This contract is expected to bolster the company’s revenue stream and strengthen its position in the infrastructure sector.
8. Ahluwalia Contracts (India)
CMP: Rs 1,245
The stock of Ahluwalia Contracts saw an increase of 4% today, boosted by the acquisition of two substantial orders totaling Rs 1,307 crore related to a group housing project, reinforcing the company’s growth trajectory in the construction sector.
