Jul 11, 2023
Indian shares extended gains on Tuesday, led by a rise in auto and consumer stocks, tracking their Asian and European peers higher on hopes of a China stimulus package. The Nifty 50 index settled 0.43% higher at 19,439.40, while the S&P BSE Sensex rose 0.42% to 65,617.84. Here are the stocks that saw action today:
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Multi-channel auto platform CarTrade Tech's shares jumped nearly 17% in intraday trade on NSE following the announcement that the company will acquire a 100% stake in Sobek Auto India from OLX India BV. The stock ended at Rs 553.90, down by Rs 66.55 or 13.66%.
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This stock jumped over 10% to hit its 52-week high of Rs 634 after brokerage firm Antique initiated coverage with a 'Buy' rating.
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Shares of Mazagon Dock Shipbuilders settled 10% higher at Rs 1,591.85 on the NSE as the Defence Procurement Board (DPB) cleared the acquisition of three additional Scorpene Submarines ahead of PM Narendra Modi's visit to Paris later this week.
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​Shares of Vedanta fell nearly 3% before closing with declines of 1.59% at Rs 277.75. It was on the back of Foxconn terminating a $19.5 billion-semiconductor joint venture in India with the billionaire Anil Agarwal-led firm.
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The third-largest private lender was among the top losers from the Nifty pack amid selling pressure in the financial stocks. The scrip closed at Rs 954.45 on the NSE, down by Rs 9.60 or 1%.
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