Gainers and Losers: Five stocks that moved the most Today

Gainers and Losers: Five stocks that moved the most Today Today Indian benchmark indices ended on a positive note, with the auto index gaining 2 percent and the realty index 3 percent. BSE midcap & small cap indices gained over a percent each.

Financial Service Companies 

Shares of Kotak Mahindra Bank, RBL Bank, Axis Bank, HDFC Bank, State Bank of India, Bandhan Bank, IndusInd Bank and Punjab National Bank ended up 0.14-3.32 percent. “The entire market, including banking stocks, had fallen quite a bit in anticipation of the US Fed Outcome and now that the event has passed, investors are buying the dip,” said Vinit Bolinjkar, Head of Research, Ventura Securities. Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services closed 0.90-2.77 percent higher.

Indian Oil Corporation

The scrip ended in the red on March 17. The board of Indian Oil has accorded investment approval of Rs 7,282 crore for the development of the City Gas Distribution (CGD) network in nine geographical areas awarded to the company by PNGRB in the 11" Round of CGD bidding, the company said in a release.

JSW Steel 

The stock ended 4.18 percent higher and was among the top Nifty50 gainers.

Voltas 

The scrip added over 2 percent on March 17. The company will enter into a joint venture arrangement with Highly International (Hong Kong), a wholly-owned subsidiary of Shanghai Highly (Group) Company. With this JV, the company will engage in the business of design, development, manufacture, marketing, sale and service of inverter compressors for room air-conditioners, motors for inverter compressors, and their associated parts including sourcing of raw materials and components required for manufacturing these products, Voltas said.

Nykaa 

Jefferies has initiated coverage on Nykaa with a 'buy' rating and a target price of Rs 1,650. The stock ended at 3.77 percent higher.