Top stock movers — Bank of Baroda, Reliance Industries, Future Retail, HUL, ICICI Bank, SBI, HDFC Bank, Bharat Dynamics, Tata Motors and more

• Sensex was trading over 0.77% higher; while the Nifty was up 0.72% as of 09:55 am.
• 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 stock market index Sensex jumped over 250 points in early trade on Thursday led by gains in index majors Reliance Industries, ICICI Bank and amid positive cues from global markets.

Sensex was trading over 0.77% higher; while the Nifty was up 0.72% as of 09:55 am.

These were the top losers and gainers in the Nifty pack:
*as of September 10, 9:30 am

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

Bank of Baroda shares gain 3%

PSU Bank stocks are rallying in trade today. Bank of Baroda is up 3%, along with Canara Bank gaining 2% and Bank of India 4%.

RIL hits record high

The shares of Mukesh Ambani owned Reliance Industries were trading 3% higher during the early trading hours on September 10. The shares had hit a record high mark by topping ₹2,200 a piece for the first time.

Reports also indicate that after Silver Lake, investors like KKR, Abu Dhabi Investment Authority, and Saudi Arabia’s Public Investment Fund could be next in line to pick stakes in Reliance Retail Limited.

Future Retail hits 5% upper circuit

The shares of Future Retail were locked in a 5% upper circuit after the company lost nearly 40% of the stock value in the last one week, since the acquisition by Reliance Retail.

The 5% jump came after reports indicated a potential investment for RIL retail arm Reliance Retail from investors like KKR, Abu Dhabi Investment Authority, and Saudi Arabia’s Public Investment Fund.

Bharat Dynamics snaps two days of losses

Bharat Dynamics snapped two-day loss and turned positive, gaining over 2% after the Indian government said it mobilised ₹776 crore by divesting nearly 13% in the company.

The offer for sale (OFS) had hit the market with the government selling over 2.74 crore shares in BDL at a floor price of ₹330 a piece.

Indiabulls Housing Finance opened 3% higher

The shares of Indiabulls Housing Finance opened 3% higher after the company launched its qualified institutional placement (QIP) on Wednesday.

Indiabulls Housing is looking to raise ₹1,000 crore and has set the floor price for the QIP at ₹206.70 per equity share.

Zeal Aqua, Apex Frozen Foods, Coastal Corporation and other fisheries stocks gain

Zeal Aqua, Apex Frozen Foods, Coastal Corporation and other fisheries stocks gain ahead of PM Matsya Sampada Yojana. PM Narendra Modi will digitally launch the scheme today. The scheme will be aimed at the sustainable development of the fisheries sector in the country with an estimated investment of ₹20,050 crores for its implementation during a period of 5 years.

ICICI Bank, HDFC Bank IndusInd Bank and SBI trade in green

The shares of Banking giants ICICI Bank, HDFC Bank, IndusInd Bank and SBI were trading in green today (September 10). The shares of ICICI Bank and HDFC Bank were up 1%, whereas SBI gained 2%.

The Supreme Court of India is slated to hear petitions seeking a waiver of interest on loans under moratorium today.

Tata Motors shares gain 3%

The shares of Tata Motors gained 3% after the company emerged as a strong number third passenger vehicle (PV) brand by sales after Maruti and Hyundai.

HUL trades in red after DCGI notice

The shares of FMCG giant Hindustan Unilever Limited were trading nearly a percent lower after Central Drugs Standard Control Organisation (CDSCO) served a show-cause notice to the company over an advertisement of its Lifebuoy brand of hand sanitiser.

In its advertisement, HUL claimed that the Lifebuoy immunity-boosting hand sanitiser improves immunity and helps fight coronavirus.

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