Published On: Thursday, January 13, 2022 | By: Team KnowMyStock
Among the lot, the shares of Larsen & Toubro (L&T) hit a new high of Rs 2,018 in the intra-day trade today, after the company announced that a consortium led by L&T Hydrocarbon Engineering (LTHE) has secured mega contracts, worth over Rs 7,000 crore, for two offshore packages from a prestigious overseas client.
That apart, the shares of Sun Pharmaceutical Industries hit an over five-year high at Rs 871 on expectation of good earnings growth. The stock of drug maker was trading at its highest level since March 2016.
On the downside, Wipro slumped 6 per cent and ended as the worst performer on the Nifty in today's trade. Shares of the company fell after the company's Q3FY22 earnings fell short of market expectation.
Other draggers on the bourses were Asian Paints, HDFC Bank, IndusInd Bank, Kotak Bank, HCL Tech, and Maruti Suzuki. Shares of these companies shed in the range of 1-2.5 per cent.
The broader markets, however, outperformed the benchmarks by a meagre margin. The BSE MidCap and SmallCap indices ended 0.4 per cent and 0.5 per cent higher, respectively.
Among sectors, the Nifty Metal index zoomed 3.5 per cent on the NSE today while the Nifty Realty index slumped 0.8 per cent.
The overall market breadth was neck and neck with 1,745 stocks advancing on the BSE and 1,678 stocks declining. About 76 stocks ended unchanged.
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