Top stock movers — Future Enterprises, Future Retail, Sun Pharma, L&T, HAL, Axis Bank, GMR Infra, Bharat Forge, RIL, NMDC and more

• Indian stock market indices opened in green on Friday.
• The Sensex was trading 0.45% higher, while the Nifty50 was up 0.46%.
• These are the top stocks that are buzzing on D-street today.
• Check out the latest news and updates on Business Insider.

Indian benchmark stock index, Sensex advanced over 175 points in early trade on Friday, led by gains in index-heavyweights ICICI Bank, Axis Bank and RIL amid persistent foreign fund inflow and positive cues from global peers.

The Sensex was trading 0.45% higher, while the Nifty50 was up 0.46%.

*as of August 28, 10:06 am

These are the top stocks that are buzzing in trade today:

Future Enterprises hit 5% upper circuit

Kishore Bhayani owned Future Enterprises shares hit 5% upper circuit after news reports surfaced that the board will meet on Saturday to finalise the sale of the group’s retail business to Mukesh Ambani owned Reliance Retail.

The news also brought a rally of 4.46% in Future Retail shares, 5% in Future Lifestyle Fashions shares and nearly 3% in Future Consumer shares.

Sun Pharma gained over 2%

Sun Pharma gained over 2% after the company Chairman Israel Makov said that the pharma major is conducting clinical trials to test the effectiveness of many existing medicines in treating symptoms of COVID-19.

GMR Infra opened 4% higher

GMR Infrastructure gained 4% during the early trading hours after the company decided to restructure its business. The GMR group said after demerging the business energy, urban infrastructure and EPC services - will be split into GPUIL. And, the airport business will be listed separately.

Bharat Electronics, BHEL, L&T, Bharat Forge rally

Defence stocks Bharat Electronics, BHEL, L&T, Bharat Forge, rallied after defence chief of India General Bipin Rawat said the government is looking to introduce another list that will restrict the import of defence items. The second list will be aimed at creating more opportunities for Indian defence firms.


NMDC gains 10%

Shares of state owned NMDC gained 10% despite weak quarterly results. The company reported over 54% fall in its net profit to ₹531.35 crore in the first quarter ended June 30. NMDC board has also approved the demerger of its subsidiary, NMDC Iron and Steel Plant.

Allcargo Logistics shares plunged 2%

Allcargo Logistics shares shed 2% the day after the company’s board considered voluntary delisting of shares. According to the stock-exchange filing, the board would meet again to discuss the delisting proposal in detail, after receipt of the due diligence report from Inga Ventures, the merchant banker.

SEE ALSO: Top stocks to watch in trade— HDFC Bank, Sun Pharma, HCL Tech, HAL, Bharat Forge, BHEL, Kotak Mahindra, IndusInd Bank, GMR Infra and more

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