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Key benchmark indices ended with small losses in volatile session of trade. The barometer index, the S&P BSE Sensex, fell 50.95 points or 0.16% to settle at 31,904.40. The Nifty 50 index fell 26.30 points or 0.27% to settle at 9,873.30. The Sensex ended below the psychologically important 32,000 mark after crossing that level in early trade.
Sugar stocks today rose by up to 5.4 per cent after the government increased import duty to 50 per cent, from the existing 40 per cent, to restrict cheap inward shipments and maintain domestic prices.
Sugar stocks surged as the Centre has hiked the import duty on sugar from 40 per cent to 50 per cent, to check cheap imports.
Uttar Pradesh sugar companies remain in focus following the state government's push towards resolving sugar industry woes.
Shares of sixteen companies will enter the futures & options segment on Friday. The shares are Balkrishna Industries, Bajaj Finserv, Balrampur Chini Mills, Berger Paints, CanFin Homes, Cholamandalam Investment & Finance Company, Fortis Healthcare, Godfrey Phillips, Gujarat State Fertilizers and Chemicals, Mangalore Refinery & Petrochemicals, Mahanagar Gas, Multi Commodity Exchange of India, NBCC (I), Nestle India, Raymond and V-Guard Industries.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today – Sun Pharmaceutical Industries, Radico Khaitan, Max Financial Services, Bharat Electronics (BEL), Mastek, Dollar Industries, Bharat Seats, Bajaj Hindusthan, Dhampur Sugar Mills, Balrampur Chini Mills and Triveni Engineering and Industries.
Leading bourses BSE and NSE will introduce futures and options (F&O) contracts in 16 companies including Fortis Healthcare, Mahanagar Gas and Multi Commodity Exchange of India from next week. The other firms are — NBCC India, Berger Paints, Can Fin Homes, Cholamandalam Investment and Finance Company, Gujarat State Fertilizers & Chemicals, Nestle India, Godfrey Phillips India, Bajaj Finserv, Mangalore Refinery and Petrochemicals, Balrampur Chini Mills, Raymond, Balkrishna Industries and V- Guard Industries.
The NSE is introducing shares of 16 companies for trading in the futures & options segment from April 28.