The Sensex closed at 60,346.97 points, down by 224.11
points or 0.37%. The Nifty ended lower 66.30 points or 0.37% at 18,003.75
points. Gains in banking stocks helped the indices recover from early lows but
selling in IT, energy and pharma shares restricted the gains.
The broader indices ended in red with the BSE Midcap index
down by 0.10% and the Small cap index down by 0.01%. The top gaining sectoral
indices on the BSE were Metal up by 1.91%, Bankex up by 1.28%, Basic Materials
up by 1.18%, PSU up by 0.96%, and Telecom up by 0.34%, while IT down by 3.28%,
TECK down by 2.85%, Oil & Gas down by 0.90%, Capital Goods down by 0.83%
and Energy down by 0.76% were the top losing indices on BSE.
Also Read | Gold, silver and other metal prices on Wednesday, September 14, 2022
Here are the key stocks that moved the most on
Vedanta: The stock ended 9.87% higher
at Rs 304.95 after Vedanta and Foxconn signed an agreement to invest over Rs
1.5 lakh crore to set up a display fabrication and semiconductor manufacturing
facility in Gujarat. “The project is expected to operationalize over the next
two years. We expect to break even in the next five years,” said Vedanta chairman Anil Agarwal after signing the Memorandum of Understanding (MoU) with
the Gujarat government on Tuesday.
Also Read | Why the Indian stock market fell today?
State Bank of India: The
share price surged 2.56% to close at Rs 572.30. State Bank of India (SBI) hit
the Rs 5 trillion mark in market capitalization for the first time ever after its
shares reached an all-time high of Rs 574.75 on Wednesday. The stock price has
been rising for the last 5 days, rising by 7.61% in the period. SBI now ranks
seventh most valued Indian company and its shares rallied over 22% so far this
Also Read | India’s WPI inflation eases to 12.41% in August from 13.93% in July
Ambuja Cements: The
share price rose 6.68% to settle at Rs 519 after the company said it will
consider a proposal for raising funds by way of issue of equity shares or any
other means on September 16.
Also Read | Global markets react to higher than expected US inflation data
Bajaj Holdings: The
stock gained 8.12% to close at Rs 7,158 after the firm said its board approved
an interim dividend of Rs 110 per equity share and fixed September 23 as the
record date for payment. The interim dividend will be created on or around
October 10, 2022, the company said.
Also Read | US inflation rate eases slightly | A timeline: 1930-2022
Aegis Logistics: The
stock jumped 8.87% to close at Rs 295.95 after the company said its board of
directors has approved a second interim dividend of Re 1 per share of the face
value of Re 1 during the financial year 2022-23 and has fixed September 23 as
the record date for the purpose of payment of interim dividend. The company
will pay the interim dividend on or before October 11, 2022.