The stock market today saw a mix of gains and losses, with some key movers and shakers making headlines. Divi’s Lab, Bajaj Auto, Tata Consumer Products, Tata Motors, and TCS were the top gainers in the Nifty 50, while Sun Pharma, Maruti Suzuki, Power Grid, Titan, and ONGC were the key laggards on April 12.
In other news, Vodafone Idea announced a Follow-on Public Offer (FPO) worth Rs 18,000 crore, set to open from April 18 with a floor price of Rs 11. Bharti Hexacom saw a bumper listing at a 32% premium, with shares trading above street estimates.
Tech companies are gearing up to kick-start earnings, with TCS posting its fourth-quarter results on April 12. The IT sector has faced challenges, with TCS shares down from their all-time high and facing modest growth expectations.
Mahindra & Mahindra received an order from the Punjab Pollution Control Board, leading to a marginal dip in their shares. Meanwhile, the Nifty 50 index saw some movement, with the NSE Nifty 50 trading lower at 22,687.95 and the BSE Sensex dipping to 74,817.74.
Overall, the market remains dynamic with various factors influencing stock movements. Stay tuned for more updates as the day progresses.
