Share markets in India closed on a negative note yesterday. Selling pressure was seen as sentiments remained negative following losses in global equity markets after hawkish comments from US Federal Reserve chair Jerome Powell that raised prospects of more interest rate hikes.
Among the most active stocks in the BSE Sensex yesterday were Hindustan Unilever (down 2%), ICICI bank (down 1.9%) and Sun Pharma (down 1.7%). Among the BSE 500 stocks, the most active stocks were Venky’s (up 14%), Lakshmi Vilas Bank (down 6.1%) and Vakrangee (down 5%).
While this should do for the wrap on active stocks, we notice that many of you are tracking low priced shares as well. Low priced shares are not necessarily cheap or attractive. But then, there’s a lot of interest in them.
Go ahead, check out the most actives here:
Top Stocks in Focus Today
From the real estate sector, DLF share price will be in focus today. The stock witnessed buying interest yesterday after the company’s subsidiary DLF Home Developers Ltd placed a winning bid of Rs 14.96 billion for an 11.76-acre land parcel in Udyog Vihar, Gurugram, in an auction conducted by Haryana State Industrial and Infrastructure Development Corp.
Cipla share price will be in focus today. The stock of the company finished the day up by 1% on the BSE yesterday after the company entered into a distribution agreement with Roche Pharma India under which Cipla will promote and distribute tocilizumab (Actemra) and Syndyma, the 2nd brand of Roche’s cancer therapy, bevacizumab (Avastin) in India.
Market participants will also be keeping tabs on public sector banks today. This comes as the government has ordered all state-run banks to examine non-performing loans of more than Rs 500 million for any wrongdoing similar to the Punjab National Bank (PNB) fraud. The banks have been given 15 days to also prepare a pre-emptive action plan to address such risks.