Top 10 Gainers and Losers: The Indian stock market experienced fluctuations today, driven by mixed global trends and foreign investor sentiments. After a volatile session, the Indian equity benchmarks settled at stable levels. Sensex slipped by 78.22 points or 0.12%, closing at 65,945.47, while Nifty dipped by 9.8 points or 0.05%, ending at 19,664.70. Out of approximately 1,756 stocks, around 1,791 witnessed gains, 1,756 faced losses, and 122 remained unchanged.

The realty and energy sectors witnessed significant buying activity today, while IT and banking stocks faced selling pressure.

Stocks in the Limelight

DMart: DMart saw a surge of more than 4% today after DDM Capital issued a “Buy” call on the company’s stock, setting a target price of ₹6,000 per share. This positive recommendation boosted investor confidence and led to an uptick in the stock’s value.
Varun Beverages: Varun Beverages saw a 5% increase in its stock price today, following a “Buy” call from Bank of America (BofA) Securities, which raised the target price to ₹1,030. This foreign brokerage’s endorsement contributed to the stock’s upward movement.
Auto Stocks: Certain auto stocks witnessed gains of over 2% today. This came after global brokerage firm Jefferies raised target prices and declared them as preferred stocks in the two-wheeler segment, including TVS Motors. TVS Motors stood out as one of the top gainers in the Nifty index today.
Pharma Decline: Some pharma stocks experienced declines of over 2% today. The negative impact was attributed to the company’s announcement of transforming its Contract Development and Manufacturing Organization (CDMO) and soft gelatin businesses into a new unit. This change is expected to result in the listing of the new unit in the next 12-15 months.
Stock Block Deals: One stock saw a 5% decline after a block deal worth ₹603 crore was executed in the market. This involved the purchase of approximately 13 lakh shares, equivalent to 12.9% equity, at an average price of ₹4,650 per share. Notably, CNBC Awaaz reported on September 25th that the company’s promoters were preparing to sell a 10% stake collectively.
Tata Steel: This metal stock from the Tata Group gained over 1% today. Moody’s Investors Service upgraded the company’s outlook to “Stable” and expressed expectations of improved profitability and debt reduction.
Order-Driven Rises: Companies with substantial orders witnessed positive movements. After announcing a ₹482.37 crore order, one stock saw a 5% upper circuit. This order is for road and drainage work-1 in Nagapattinam, Tamil Nadu, from Chennai Petroleum Corporation Limited.
Defence Deal Impact: Another stock witnessed a 3% increase after the company secured a ₹227.65 crore order from the Ministry of Defence for supplying an anti-drone system. Following this news, the stock rallied.
Delta Corp: This stock saw a 2% rise despite a continuous 7-day decline. Ashish Kacholia, a prominent investor, sold his stake in the casino company, causing a dip in its stock price. The company disclosed that it had received a tax notice of over ₹16,000 crore.
Artistery Properties: This stock rose by 1% following the approval of a ₹32 crore acquisition of Artistery Properties by the company’s board of directors. The Kolkata-based property firm is set to list its new unit within the next 12-15 months.

Disclaimer: The information provided here is for informational purposes only. Investing in the market carries inherent risks. It is advisable to seek advice from financial experts before making any investment decisions. sharebaz team does not provide investment advice to anyone.