Share markets in India closed on a positive note yesterday.
Barring metal stocks, healthcare stocks & FMCG stocks, all sectoral indices ended the day in green with capital goods stocks, realty stocks and bank stocks leading the gainers.
At the closing bell yesterday, the BSE Sensex finished higher by 318 points. While, the NSE Nifty finished higher by 88 points. Meanwhile, the S&P BSE Midcap Index and S&P BSE Small Cap Index ended up by 0.6% & 0.5% respectively.
Top Stocks in Focus Today
Market participants will be keeping tabs on Gitanjali Gems share price today. The stock of the company continued its downtrend yesterday as the CBI has registered a fresh FIR against Nirav Modi in the Punjab National Bank (PNB) fraud case.
From the pharma sector, market participants will be tracking Zydus Cadila share price will be in focus today as the company has entered into a definitive agreement with Medicure International Inc., a subsidiary of Medicure Inc. (Medicure)(MCUJ) to commercialize its New Drug Application (NDA) product, pitavastatin magnesium (ZYPITAMAG) in the United States.
Banking stocks will be in focus today. Most of the banking stocks witnessed a sharp rebound yesterday after the sell-off seen during the past couple of days.
Stocks from the airlines sector will be in focus today as the Competition Commission of India (CCI) imposed a penalty of over Rs 540 million on Jet Airways, SpiceJet and IndiGo for fixing fuel surcharge. The penalty levied on Jet Airways is Rs 398.1 million, IndiGo was fined Rs 94.5 million and SpiceJet Rs 51 million. The CCI acted on a cartelisation complaint by Express Industry Council of India against Jet, IndiGo, SpiceJet, Air India and GoAir.
From the steel sector, market participants will be tracking Tata Steel share price. The company has emerged as the highest bidder to buy a controlling stake in Bhushan Steel Ltd, which is currently undergoing bankruptcy proceedings.
Telecom stocks will also be in focus today as the government has approved a relief package for the stressed telecom sector, easing spectrum-holding caps and extending the payment period for spectrum acquired in auctions to 16 years from 10 years.
