The BSE Sensex and NSE Nifty surged on Wednesday as data showing easing inflation and a government forecast for an above-average monsoon rains sparked hopes for the economy and for more rate cuts by the central bank. Later, the index settled 481.16 points, or 1.91 per cent, up at 25,626.75. Similarly, the Nifty index on the National Stock Exchange soared 141.50 points, or 1.84 per cent, to 7,850.45.

Below are the 8 stocks that remained in focus today

Shilpa Medicare: Stocks of the company closed 17.65 per cent up at Rs 514.70 after it received GMP compliance certificate from the Japanese health regulator, PMDA, for its two active pharmaceutical ingredient (API) plants in Karnataka.

Wipro: Stocks of the company ended 2.89 per cent up at Rs 584.60 at Rs 584.90 (9.33 am) as country’s third-largest IT services exporter will consider a proposal for buyback of its equity shares at its board meeting on April 20.

Bajaj Corp: Shares of the company closed 4.22 per cent down at Rs 396.35 as it has reported a marginal decline in standalone net profit at Rs 54.02 crore for the fourth quarter ended March 31. It had reported a net profit of Rs 54.42 crore in the January-March quarter of 2014-15 fiscal.

Madhucon Projects: Stocks of the company ended 5.27 per cent up at Rs 55.90 as the Hyderabad-based infra firm said it has completed the sale of 74 per cent stake in Madhucon Agra-Jaipur Expressways (MAJEL) to Singapore-based Cube Highways and Infrastructure for Rs 248 crore.

Larsen and Toubro (L&T): Stocks of the company ended 1.06 per cent up at Rs 1235.55 after its subsidiary L&T Infotech has filed a fresh draft red herring prospectus (DRHP) with market regulator Sebi to launch its IPO.

Kaveri Seeds: Stocks of the company ended 5.23 per cent up at Rs 401.10 after the company announced that it has opened a new plant in Telangana. Kaveri Seed Company Ltd announced that it has opened a new plant at Karimnagar District of Telangana with an investment of over Rs 21 crore.

Axis bank: Shares of the private lender ended 1.68 per cent up at Rs 440.75 after it announced a cut in its lending rate by 0.15 per cent to bring it at par with its larger rivals.

Banking stocks: Banks were among the leading gainers after data released late on Tuesday showed retail inflation eased in March to a six-month low while industrial output beat market expectations and grew at an annual rate of 2 per cent in February. ICICI Bank closed 5.40 per cent up at Rs 241, while SBI closed 2.16 per cent up at Rs 191.75.

[“source-Business2community”]