Indian markets recovered in the last hour of trade on Tuesday after a lackluster performance for the large part of the day. The Sensex closed 112 points higher at 37,607, while the Nifty settled at 11,356, rising by 37 points.
While banks, metal, financial services, oil stocks pulled indexes lower, Reliance, Infosys primarily batted for the bulls, lifting the Sensex and the Nifty to their record high close for the fourth consecutive session.
Here are the top 10 stocks that trended in the markets today: Axis Bank: Shares of India’s third-biggest private sector lender by assets, rose as much as 2.70 percent to Rs 584.95 in the morning, hitting its highest since February 2 after Q1 results released. But the stock ended at Rs 550.10, down by 3.23 percent, or losing Rs 18.35. It traded between a range of Rs 584.95 and Rs 548 on the BSE. Reliance Industries: Shares ended at Rs 1185.85, rising by 3.14 percent, or Rs 36.15. The oil-to-telecom conglomerate is now the most valued among listed Indian companies with the RIL stock’s value rising to Rs 7.5 lakh crore, surpassing the Tata Consultancy Services. In the past one year alone, the RIL market cap has surged by 2.7 lakh crore. Dabur India: Shares settled at Rs 420.25, rising by nearly 7 percent, after the Indian FMCG company’s reported net profit rose 24.6 percent at Rs 329 crore against Rs 264 crore on year-on-year basis. Avenue Supermarts: Shares of Avenue Supermarts closed at Rs 1652.75, rising by 3.77 percent, or gaining Rs 60.10 in value. The stock jumped over 4 percent on Tuesday morning as the street gave thumbs up to the firm’s results for June quarter. The stock touched an intraday high of Rs 1,663.80 and an intraday low of Rs 1,622.00. IndiGo: Shares of Interglobe Aviation, which owns and manages IndiGo, India’s largest airline by passengers carried, tanked over 10 percent in early trade on Tuesday after weak first quarter results disappointed the street. IndiGo shares ended at Rs 929.05, down by Rs 75.20, or 7.49 percent. The stock opened at Rs 926 and swung between Rs 949 and 891.10. Shree Cement: Shares of Shree Cement recovered 7 percent from Monday's lows in early trade. At close, it traded at Rs 17,099.00, losing Rs 75.95, or down by 0.44 percent. It touched an intra-day high of Rs 18,222 and a low of Rs 16,920.60, after openig at Rs 17,181.70. Tech Mahindra: Shares of software services provider Tech Mahindra Ltd settled at Rs 680.30, gaining Rs 25.70, or 3.93 percent in the end. Intra-day, it traded between Rs 684.20 and Rs 660, after opening at Rs 660. Bank of India: Shares of public sector bank ended at Rs 94.35, falling sharply by 8.75 percent, or Rs 9.05, after its June quarter results showed profit growth at 8.4 percent year-on-year despite rising provisions and weakening asset quality. Escorts: Shares of Escorts settled at Rs 927.25, rising by 2.21 percent, or Rs 20.05, after the company posted strong results. The company posted 92.7 percent jump in its Q1 net profit at Rs 120.7 crore against Rs 62.64 crore in the same quarter of last fiscal, pulling stock higher by 4 percent in intra-day trade. BEL: Shares of Bharat Electronics ltd closed at Rs 115.95, adding Rs 8.35, or rising by 7.76 percent. The company reported Q1 earnings with net profit at Rs 179.7 crore Vs CNBC-TV18 poll of Rs 125 crore. Disclosure: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.