The BSE Sensex declined by 115.48 points or 0.20% to
settle at 58,568.51 in volatile trade due to the expiry of monthly derivatives
contracts. The broader NSE Nifty fell 33.50 points or 0.19% to close at
17,464.75. Among the sectors, realty and FMCG ended in the green while pharma,
IT and PSU Banks settled lower.
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Here are the key stocks that moved during today’s trading
session:
Max Healthcare: The share closed
3.78% higher at Rs 347.35 after private equity KKR’s affiliate Kayak Investment
sold about a 10% stake in Max Healthcare Institute through multiple block deals
on the NSE on March 31. Kayak Investment was expected to sell 969 million
shares at Rs 340-361 per share through block deals, reported MoneyControl.
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Hindalco Industries: The share plunged
4.75% to close at Rs 571.30 after CLSA downgraded the stock to “outperform” and
cut the target price to Rs 695 from Rs 710 per share. The company released an
$8 billion Capex plan over the next five years. The company said, with at least
a mid-teen IRR expected, execution will be the key. It also outlined headwinds
for Novelis which could impact Q4 earnings.
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Axis Bank: The stock of the lender surged 1.53% to close at Rs 761.95 as it is acquiring Citigroup’s India retail business, including banking, credit cards, home loans, and wealth management for $1.6 billion.
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Hindustan Unilever: HUL shares ended
1.49% higher at Rs 2,046. This came after the company hiked the prices of
cleaning and personal care products. HUL said it is seeing significant
inflationary pressure and is confident in navigating the inflationary
environment.
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GAIL India: Shares of the
company closed 1.63% higher at Rs 155.95 after the board of directors of GAIL
approved a buyback of up to 5.7 crore shares at Rs 190 per share.