Stock-specific action remained in focus on Dalal Street on October 19, with investors reacting to corporate developments and quarterly earnings.
Bharat Forge shares declined 1.7% after the company invested Rs 240 crore in subsidiary Kalyani Strategic Systems through a rights issue, of which Rs 163 crore will be invested in Agneyastra Energetics.
Shares of Axis Bank shed 3.5% despite the bank reported a 35.6% year-on-year jump in standalone Q2 profit to Rs 7,003.3 crore, while net interest income grew 11.8% to Rs 15,371.4 crore.
Shares of Dodla Dairy slipped 4% after the company clarified that it had not received any formal prosecution order or sanction from FSSAI and reported no financial or operational impact.
Shares of JSW Steel gained nearly 1 % after the NCLT, Mumbai, sanctioned the scheme of amalgamation of Piombino Steel with the company.