Benchmark indices opened higher on Monday. Sensex gained 235 pts to 66,296 and Nifty rose 73 pts to 19,638 amid a rally in the global markets
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “Stock markets often surprise, both on the upside and downside. A month ago Nifty crossing 19,500 appeared a tall task. But the scenario has changed with US consumer inflation declining more-than-expected to 3% giving hopes that the Fed is near the end of the rate hiking cycle. Consequently, the US 10-year bond yield has sharply dipped from 5.1% to 4.7% and the Dollar Index has crashed by nearly 4% from 103.57 to 99.9. This is positive for emerging markets like India, which are likely to witness more capital flows.”
The JSW Energy stock slipped 7% to 282.05 against the previous close of Rs 304.55 on BSE. The market cap of the firm slipped to Rs 48,863 crore. JSW Energy reported a 48% decline in consolidated net profit to Rs 290 crore for the quarter ended June
Shares of Lloyds Steels slipped 3.35% to Rs 33.95 after they turned ex-dividend today. The firm declared a final dividend of Rs 0.1000 per share during the Q4 and annual earnings announcement. Market cap of the firm fell to Rs 3635 crore
Shares of Subex rose another 10% to Rs 37.35 in early trade after the company announced availability of its fraud management solution on Google Cloud on Friday. The stock jumped 20% to settle at Rs 33.94 in the previous session. Market cap of the firm rose to Rs 14,653 crore
The banking stock saw high turnover on BSE today. A total of 133.39 lakh shares changed hands amounting to a turnover of Rs 23.55 crore. Market cap of the bank surged to Rs 50,782 crore. The stock surged 2.47% to Rs 17.80 on BSE
Adani Enterprises stock saw the highest turnover on BSE today. A total of 2.10 lakh shares changed hands amounting to a turnover of Rs 51.05 crore. Market cap of the firm surged to Rs 2.76 lakh crore. The stock surged 3.45% to Rs 2,459 on BSE
Brightcom Group stock rose 5% to Rs 27.47 in early deals. Market cap of Brightcom Group surged to Rs 5,543 crore. A total of 1.21 lakh shares changed hands amounting to a turnover of Rs 33.15 crore
Shares of Mazagon Dock Shipbuilders zoomed to the upper circuit of 5% at Rs 1718.45 on BSE. Market cap of the firm rose to Rs 34,659 crore
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