Sensex rallies over 350 points; HDFC, Capital First stocks gain

The Sensex zoomed over 350 points to scale new peak of 34,920 points on the back of positive macro-economic data. Today's gains were led by Bank Nifty, media, metal, FMCG and private bank stocks.

At 11:24 AM, the BSE Sensex was trading at 34,951 up 359 points, while the broader Nifty50 index was ruling at 10,777, up 96 points.

Shares of Butterfly Gandhimathi Appliances were locked in the 5% upper circuit, touching lifetime high, as IDFC Mutual Fund and Standard Chartered Mutual Fund bought stake in the company on Friday.

Shares of Power Grid Corp of India gained 1.5% after the company acquired ERSS XXI Transmission, a special purpose vehicle project, from REC Transmission Projects Co.

The Nifty Bank Index surged 1%, led by gains in index heavyweights ICICI Bank and Axis Bank, which surged 1.3-4%.

The BSE Mid-cap and BSE Small-cap indices were up 0.51% and 0.81%, respectively.

Volatility index India VIX gained 3.96%.

HDFC (+4.4%), ICICI Bank (+3.5%), Tata Steel (+2.3%), Zee (+2.2%) and HPCL (+1.5%) were the top gainers on Nifty50.

Eicher (-1.7%), IndusInd Bank (-0.99%), HCL Tech (-0.83%), ONGC (-0.82%) and Coal India (-0.60%) were the top losers in today’s trade.

Out of 1,954 stocks traded on the NSE, 1,213 advanced, 449 declined and 292 remained unchanged today.

A total of 132 stocks registered a fresh 52-week high in trade today, while five stocks touched a new 52-week low on the NSE.
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Top stocks in focus today: Sun Pharma, Sobha, Jaypee Infratech

Tata Motors' total JLR UK sales down 17.3% at 6,195 units vs. 7,487 units (YoY).

The US Food and Drug Administration is expected to begin inspection of Sun Pharma's manufacturing facility at Halol in the second week of February, as per media reports.

Tata Housing and the Lodha Group have filed initial bids for debt laden realtor and road builder Jaypee Infratech, according to a media report.

NBCC has received contract from Ecotourism Development Corporation of Uttarakhand, Dehradun for construction of Kotdwar-Ramnagar Kandi Road amounting Rs2,000cr.

Sagar Cements' December sales up 65% at 2,54,348 million tonnes vs. 1,54,195 million tonnes on yoy basis.

Sobha’s Q3FY18 new sales volumes at 9,33,365 square feet valued at Rs751cr.

Force Motors' December domestic sales at 1,900 units.

Den Networks has entered into an agreement with cable TV distribution company VBS Digital Distribution Network (VBS) for acquiring 51% stake in VBS for Rs2.6cr.

Visa Steel is in discussion with SBI for settlement after the SBI filed an application with National Company Law Tribunal Kolkata to initiate corporate insolvency resolution process for the company under Insolvency & Bankruptcy Code.

Aban Offshore has offered to pay up to $600 million in a one-time settlement to 17 banks to which it collectively owes nearly $2 billion, as per media reports.

Aegis’ LPG unit allots 2.39 lakh shares to Itochu for a total consideration of Rs239.29cr.

Seamec enters into a charter party with GOPL Offshore for charter hire of vessel Seamec III for $2.4 million.

Venus Remedies to consider details of QIP issue on Jan 8.

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