Equity benchmark BSE Sensex tumbled 566 points or 0.94%
to close at 59,610.41. The broader NSE Nifty fell by 149.75 points or 0.83% to
close at 17,807.65. On the sectoral front, Oil & gas, metal and power
indices gained 1% each, while bank and IT indices fell 1% each. BSE midcap and
smallcap closed in green with marginal gains.

Also Read | Closing Bell: Sensex falls 566 points, Nifty closes at 17,807

Here are the key stocks that moved most during today’s
trading session:

One97 Communications (Paytm): The share jumped 5.08% to
close at Rs 640.00 after CEO Vijay Shekhar Sharma said shares were down
significantly from the IPO price “against the backdrop of volatile market
conditions for high growth stocks globally” in a letter to investors
today.

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Tata Steel: Shares of the steelmaker closed 1.87% higher
at Rs 1,370.00 as investors welcomed the company’s strong business update.

Barbeque-Nation Hospitality: The company’s stock closed
5.35% lower at Rs 1,182.70 after a large block deal. Around 16% of equities
were exchanged in Barbeque Nation on Wednesday at an average price of Rs 1,165
which works out close to a Rs 730 crore deal size.

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Ruchi Soya Industries: Shares of Ruchi Soya lipped 13.79% to close
at Rs 754.75 after the board approved the allotment of 6.61 crore shares to
raise Rs 4,300 crore. This came after a recent follow-on public offering (FPO)
whose subscription fell after the Securities and Exchange Board of India (SEBI)
approved withdrawals due to “unsolicited SMSes advertising the
issue”.

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Marico: Share of
Marico plunged 4.16% to settle at Rs 521.30 after the company released its
business update for the January-March quarter. Growth in revenue was in the low
single digits in the quarter, while volumes were marginally positive on an
exceptionally high 25% base, which led to double-digit volume growth on a two-year
CAGR (compound annual growth rate) basis. The gross margin is likely to be
similar to the same quarter last year.