Throughout the afternoon, the benchmark indexes in India alternated between small gains and losses before finishing flat. At closing, the BSE Sensex decreased by 0.02 percent to 60,105. The Nifty 50 index decreased 0.10 percent to 17,895 points. While utilities and fast-moving consumer goods (FMCG) companies worked to pull down indexes, metal stocks tried to raise them.
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The following large-cap stocks should be avoided during Thursday’s trading session:
Tata Consultancy Services – The company’s shares soared after the announcement of dividend payouts, making it one of the top Sensex gainers of the day. In addition to the third interim dividend of Rs 8, the business has declared a special dividend of Rs 67 per equity share of Re 1. The price of shares has increased by roughly 4% during the past three trading sessions.
Sun Pharmaceutical Industries – a cutting-edge anti-cancer medicine, has been made available in India for patients with advanced breast cancer by one of Sun Pharmaceutical Industries’ wholly-owned subsidiaries, the pharmaceutical firm stated today. The medication will be sold as PALENOTM (Palbociclib) 75 mg, 100 mg, and 125 mg.
Tata Motors – Ford India Private Limited (FIPL) and Tata Motors-Tata Passenger Electric Mobility Limited (TPEML), a division of Tata Motors, have concluded a Unit Transfer Agreement for the purchase of FIPL’s manufacturing facility located in Sanand, Gujarat, for a total price of Rs 725.7 crore. Shares increased by more than 1% at session’s conclusion.
