Sun Pharma, Dr Reddy's, IndusInd Bank, Bajaj Auto and more: Key stocks that moved the most on Dec 29

SUMMARY

Indian benchmark indices ended on a negative note. On Wednesday, Nifty50 closed 0.1 percent lower at 17,213.6 while Sensex ended at 57,806, down 0.2 percent. Here are key stocks that moved the most in today's trading session:

By CNBCTV18.comDec 29, 2021 4:05:47 PM IST (Published)

Pharmaceutical companies | Nifty Pharma stood the strongest today, ending 1.71 percent higher. The Drug Controller General of India approved the anti-COVID-19 pill Molnupiravir for emergency use in India which strengthened the buying sentiment for pharmaceutical stocks. Shares of Sun Pharmaceutical Industries, Dr Reddy’s Laboratories, Cipla and Divi’s Laboratories ended 2.33 percent, 1.65 percent, 0.10 percent and 2.05 percent higher respectively.

IndusInd Bank | The stock closed 1.71 percent higher. According to Edelweiss Alternative Research, IndusInd Bank shares were expected to witness fund inflow of about $58 million as part of Nifty Bank rebalancing. The rebalancing will take place on Thursday and the changes will become effective from December 31.

JK Cement | The cement maker’s shares ended 5.19 percent lower and were the biggest drag on Nifty500.

Bajaj Auto | Shares of the automaker ended 2.93 percent higher. This upmove came after Bajaj Auto announced new Electric Vehicle manufacturing unit for India. The company has announced Rs 300 crore investment to build capacity in Electric Vehicles.

Macrotech Developers | The stock settled 1.93 percent higher. On Tuesday, Morgan Stanley initiated coverage on the company’s shares with ‘equal-weight’ rating on prospects of good cash flow visibility.

Responsive Industries | Shares of the company closed 19.44 percent higher and were the best performers on Nifty500.