Top stock movers — RIL, HDFC Bank, Tata Motors, Hero MotoCorp, Phoenix Mills, IOC, and others

• The 30-share BSE index opened 60.37 points lower, and the NSE Nifty was down 0.12% at 13,093.75.
• Here’s a list of 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 equity benchmark indexes opened on a choppy note during the early trading hours on Wednesday due to selling in financial, IT and energy stocks as investors booked profit after sharp gains in the previous session.

The 30-share BSE index opened 60.37 points lower, and the NSE Nifty was down 0.12% at 13,093.75.

Here’s a list of the top losers and gainers in the Nifty pack.
*as of December 2, 10:00 am

These are the top stocks in news today.

Tata Motors zooms 4%

The shares of Tata Motors zoomed 4% on Tuesday after the company reported 21% year-on-year sales growth in November. The company said its domestic passenger vehicles sales jumped staggering 108% to 21,641 units in November.

Hero MotoCorp up over 2%

The shares of Hero MotoCorp gained over 2% after the company reported a 14% year-on-year rise in its domestic wholesale for November, led by a robust recovery in sales of its entry-level motorcycles in rural and semi-urban markets. The company said its exports rose by 40.37% during the month.

Dr Reddy’s Laboratories gains nearly a percent

The shares of Dr Reddy’s Laboratories gained nearly a percent after the company said it had commenced adaptive phase 2/3 clinical trials for the Sputnik V COVID-19 vaccine in India.

Phoenix Mills trades 6% higher

The shares of Phoenix Mills (PML) gained over 6% during the morning trade after the company and its subsidiaries have signed a non-binding term-sheet with an affiliate of Singapore’s sovereign wealth fund GIC for formation and development of to set up a retail-led mixed-use platform. The proceeds from the proposed transaction are intended to be utilized as growth capital for further expansion and acquisition of greenfield, brownfield, operational and distressed mall opportunities, Phoenix said in a statement.

TVS Motor trades over a percent higher

The shares of TVS Motor gained over a percent after the company said its sales grew by 21% registering 322,709 units in November 2020 as against 266,582 units in November 2019.

Indian Oil Corporation soars 3%

The shares of Indian Oil Corporation soared over 3% after the company launched the nation’s first 100 Octane petrol, helping India join a select league of nations globally that have such superior quality fuel.

Worldwide, 100 Octane petrol has a niche market for luxury vehicles that demand high performance and is available only in six countries — the USA, Germany, Greece, Indonesia, Malaysia and Israel.

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