MCX India, Indian Oil, Lupin and other stocks that moved most on June 30
- MCX India shares surged 2.49% to close at Rs 1,309.30
- Indian Oil Corporation stock jumped 1.37% to settle at Rs 74.20
- Lupin shares fell 1.88% to close at Rs 609.00
The BSE Sensex fell 8.03 or 0.02% to close at 53,018.94. During the day, it had surged 350.57 points, or 0.66% to 53,377.54. The NSE Nifty slipped 18.85 points or 0.12% to 15,780.25.
The broader indices ended in the red as the BSE Mid cap index was down by 0.74% and the Small-cap index was down by 0.54%. On the sectoral front, Power is up by 0.79%, Bankex up by 0.62%, Utilities up by 0.59%, and Capital Goods up by 0.18%, while Metal down by 2.18%, Auto down by 1.25%, Basic Materials down by 1.20%, Realty down by 1.17% and Consumer Disc down by 0.90% were the top losing indices on BSE.
Here are the key stocks that moved the most on June 30:
MCX India: The stock surged 2.49% to close at Rs 1,309.30 after the market regulator Securities and Exchange Board of India (SEBI) approved foreign portfolio investors (FPIs) to trade in commodity derivatives. “FPIs will be allowed to trade in all non-agricultural commodity derivatives and select non-agricultural benchmark indices. To begin with, FPIs will be allowed only in cash-settled contracts,” Sebi said after a board meeting. The regulator said the participation of FPIs in Exchange Traded Commodity Derivatives (ETCDs) is expected to enhance liquidity and market depth and promote efficient price discovery.
Indian Oil Corporation Limited: The stock jumped 1.37% to settle at Rs 74.20 after the company said the board has accorded investment approval for capacity expansion of Digboi refinery in Assam from 0.65 to 1 mmtpa along with associated facilities at an estimated cost of Rs 740.20 crore. The project is expected to be commissioned by October 2025.
Lupin Limited: Shares of Lupin fell 1.88% to close at Rs 609.00 after the brokerage firm CLSA slashed its earnings per share (EPS) estimates for the pharmaceutical company by 9% to 6% for FY23-25.
Devyani International Limited: The stock surged 3.70% to close at Rs 155.45 after it announced plans to open 1,000 more stores in four to five years.
Ahluwalia Contracts: The stock closed 4.13% higher at Rs 435,05 as the company bagged an order worth Rs 209 crore from DC Development to build a data center in Noida.