Top stock movers — Future Retail, Tata Motors DVR, Maruti, M&M, TVS, IndiGo, SpiceJet and more

• Sensex was trading 0.26% lower; while the Nifty slipped 25.80 points.
• These were the top losers and gainers in the Nifty pack.
• These are the top stocks that are buzzing in trade today.
• Check out the latest news and updates on Business Insider.

Indian benchmark stock index, Sensex dropped over 100 points in early trade on Monday tracking weak cues from global equities.

Sensex was trading 0.26% lower; while the Nifty slipped 25.80 points.

These were the top losers and gainers in the Nifty pack:

*as of September 7, 10:10 am

These are the top stocks that are buzzing in trade today

Tata Motors DVR shares gains 8%

The shares of Tata Motors DVR gained 8% after the promoter Tata Sons bought nearly 5.3 million of its DVR 'A' ordinary shares for ₹30 crore on Friday.

According to the NSE bulk deal data, Tata Sons acquired 1.04% of its total paid-up equity at an average price of ₹56.02 per share.

Vodafone Idea shares gain 7%

Vodafone Idea shares jumped 7% ahead of the company's strategic announcement. Media reports indicate that the company may announce a combined brand identity as presently; the organization has been advertising the two brands separately.

Vodafone Idea’s board has also approved a fundraising plan on Friday to raise ₹25,000 crore.

Bharti Infratel shares up over 4%

Bharti Infratel shares gain for the third session in a row after the company received an approval from the board for Indus Tower merger.

Repco Home Finance shares locked at 5% upper circuit

The shares of Repco Home Finance locked in a 5% upper circuit post the robust Q1 earnings. The company reported a 3% jump in its net profit to ₹64 crore for the first quarter ended June 30.

The company's overall loan book rose 6% to ₹11,979.5 crore as of June 2020.

Future Retail shares locked in a 5% lower circuit

The shares of Future Retail were locked in a 5% lower circuit post-fourth-quarter earnings. The company reported a consolidated net loss of ₹477.63 crore for the fourth quarter ended March 31.

The revenue from operations plummeted 17.75% to ₹4,492.36 crore during the quarter.

Maruti, Tata Motors, TVS, Hero MotoCorp and other auto stocks gain

The announcement on the much-awaited vehicle scrappage policy by the road transport and highways minister Nitin Gadkari on Saturday has led to a rally in most auto stocks. The minister said the policy is in its final stages of approval and will be rolled out by the end of this month.

M&M shares lost 4%

The shares of Mahindra and Mahindra lost 4% during the early trading hours on September 7 after the company entered into a share purchase agreement for further investment in Carnot Technologies.

By this move, M&M plans to increase its stake by 9.12% in Carnot with the transaction value being ₹12 crore.

IndiGo and SpiceJet shares lost 2%

The shares of India private airlines IndiGo and SpiceJet were trading 2% lower after the civil aviation regulator DGCA told the Supreme Court that the airlines should provide a full refund immediately for the tickets booked during the COVID-19 lockdown.

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Vodafone Idea to make big strategic announcement today, share price jumps by 6%