Top three stocks that saw heavy demand from buyers in the pre-opening session today

These three stocks were the top gainers on BSE in the pre-opening session today.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in red with a loss of 848.8 points or 1.45 per cent. By 9.15 am, the index was trading at the level of 57,470.29, signifying a loss of 721 points or 1.24 per cent. 

On the sectoral front, in the pre-opening session, metals and power weakened by 1.7 per cent while auto slipped by 1 per cent. 

Meanwhile, IDBI Bank Ltd, Jaiprakash Associates, and Johnson Controls-Hitachi Air Conditioning India emerged as the Top Gainers of BSE in the pre-opening session today. 

IDBI Bank Ltd, an S&P BSE 200 company, surged 7.03 per cent to trade at Rs 45.70 apiece. On Friday, the bank provided an update with respect to the strategic divestment of stakes in the bank by the Government of India (GoI) and Life Insurance Corporation of India (LIC). As per the exchange filing, GoI has appointed KPMG India Pvt Ltd as the transaction advisor and link legal as the legal advisor for providing advisory services & managing the transaction. 

Jaiprakash Associates Ltd, an S&P BSE Smallcap company, rallied 3.27 per cent to trade at Rs 11.05 apiece. This morning, it announced that with a view to give thrust to its ongoing efforts to reduce debt, the board of directors has inter-alia, decided to divest the company's significant cement business. 

Johnson Controls-Hitachi Air Conditioning India Ltd, an S&P BSE 500 company, climbed 2.61 per cent to trade at Rs 1,449.90 apiece. The company has not made any significant announcements of late. Hence, the rally in its share price could be driven purely by market forces.