"The domestic indices traded with a negative bias below the flattish trend, impacted by global peers. Despite this, mid-and small-cap stocks continued to outperform the benchmark index. IT stocks rallied on hopes of a soft landing for the US economy. India's manufacturing activity remained robust, although marginally it moderated for the second consecutive month in July.
The market direction in the upcoming days will be influenced by key data points, including auto sales figures, US PMI, and US job data," said Vinod Nair, Head of Research at Geojit Financial Services.
Let's take a look at a few stocks from the NSE500 index that rose between 6-9 percent in today's deals.
Jindal Worldwide: It is one of the top-performing stocks in the NSE500 index. Shares of Jindal Worldwide ended 9 percent higher at ₹335.60 on Tuesday on heavy volumes. In intra-day deals, the stock surged as much as 17.6 percent to ₹362.
IDBI Bank: The stock rallied 8.6 percent to end the day at ₹63 after the National Company Law Appellate Tribunal (NCLAT) has listed IDBI Bank's appeal against the National Company Law Tribunal (NCLT) order rejecting the insolvency plea against media major Zee Entertainment Enterprises Limited (ZEEL) for August 2. In May 2023, the NCLT at Mumbai refused to entertain IDBI's plea noting that it was barred under Section 10A of the Insolvency and Bankruptcy Code (IBC). It jumped as much as 9 percent to ₹63.25 in intra-day deals.
ZF Commercial: The stock rose 7.89 percent to settle at ₹13,960 on Tuesday after it reported a 59 percent jump in its June-quarter net profit to at ₹99.73 crore as compared to ₹62.40 crore in the corresponding quarter last year. Its revenues also rose 21 percent to ₹966.8 crore versus ₹798.42 crore in the year-ago period. The stock soared as much as 9.1 percent in intra-day deals to ₹14,120.
Hindustan Copper: The stock ended 6.6 percent higher at ₹150.40 on Tuesday, extending gains for the 6th straight session. the stock also rose 10.3 percent in the previous session. This comes following the change in management at the Khetri Copper Complex.In an exchange filing on Monday, Hindustan Copper (Hind Copper) said that Ghanshyam Das Gupta has taken over the charge of the post of Unit Head, Khetri Copper Complex (a Unit of Hindustan Copper) at the close of working hours on July 31 from outgoing Unit Head of Khetri Copper Complex, Shri Sree Kumar.