Market Movers: BSE 500 top gainer Tata Teleservice is locked in the upper circuit

TTML was locked in the upper circuit of 5% on the BSE for the fifth consecutive trading session. It closed at Rs 181.30 in today’s session.

Amid much volatility, the benchmark indices Sensex closed at 57808.58 with a marginal gain of 0.33 per cent or 187 points while the Nifty closed at 17239.20 with a gain of 0.15% or 25.60 points.

The broader markets largely ended the day in red with BSE 500 closing at 23605.06 with a marginal loss of 25 points or 0.11 per cent. The favoured sectors were Metal and Energy while the day’s laggards were led by Reality, Infrastructure and CPSE sectors. 

The day’s gainers which showed a substantial move are Tata Teleservices (Maharashtra) Ltd, Bank of Baroda and Rajesh Exports Ltd.

Tata Teleservices(Maharashtra) Ltd(TTML) Q3 net loss widens as the company reported a net loss of Rs 302 crore compared to Rs 298 crore in the year-ago quarter. The stock however was locked in the upper circuit of 5% on the BSE for the fifth consecutive trading session. It closed at Rs 181.30 in today’s session. 

Bank of Baroda extended its rally, gaining 4.47 per cent in today’s trading session to close at Rs 117.90. In the past two trading sessions, the stock has gained 10 per cent touching its 52-week high. The stock rally is driven by strong Q3 performance wherein the net profit more than doubled for the PSU bank at Rs 2448 crore. 

Rajesh Exports gained 4.43 per cent and closed at Rs 1834.35 with intraday high and low of Rs 838.55 and Rs 793. The stock recovered its losses in yesterday’s session where it shed 2.9 per cent.