Benchmark indices fell in early deals today. Sensex lost 74 pts to 65,711 and Nifty declined 25 pts to 19,472
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “With the Nifty setting new highs for the 6th consecutive session, India has become a clear outlier among global stock markets. It would be difficult for this rally to sustain since the global market construct is turning unfavourable with major weakness in the developed markets and rising bond yields.”
Shares of Indian Oil Corporation breached the Rs 100 level and hit a fresh 52-week high ahead of the state-run firm's board meet on rights issue. The IOC board would meet today to consider raising of capital through rights issue of equity shares to meet the capital expenditure plan for its various projects. Market cap of the firm rose to Rs 1.42 lakh crore
Shares of multibagger Titan Company hit a record high of Rs 3,211 in early trade after the company clocked a 20% YoY revenue growth for the June quarter, with all the key consumer businesses witnessing double-digit growth. In the current session, shares of Titan rose over 3% to record high on BSE. Market cap of the firm climbed to Rs 2.82 lakh crore
Shares of Suzlon Energy saw a high turnover in early deals today. A total of 177.45 lakh shares changed hands amounting to a turnover of Rs 31.97 crore. Market cap of Suzlon climbed to Rs 22,516 crore ahead of the board meet to decide on raising funds today. The stock rose 3% to Rs 18.19 in early trade
Shares of South Indian Bank gained 4% to Rs 21.79 on BSE. It was among the top BSE gainers today. Market cap of South Indian Bank rose to Rs 4,411 crore. A total of 80.07 lakh shares changed hands amounting to a turnover of Rs 17.03 crore
Shares of YES Bank saw a high turnover in early deals today. A total of 118.37 lakh shares changed hands amounting to a turnover of Rs 21 crore. Market cap of YES Bank climbed to Rs 50,667 crore. The stock was trading flat at Rs 17.62 in early trade
Shares of Reliance Industries Ltd (RIL) are trading at a 7-month high, boosted by a recovery rally in the last three months. The stock of Mukesh Ambani-led conglomerate has zoomed 12.70% in three months, taking it close to the 52-week high of Rs 2,754.70 hit on December 1, 2022. Market cap of RIL rose to Rs 17.93 lakh crore. The stock gained 0.48% to Rs 2,651 in early trade
Shares of ideaForge Technologies made a stellar debut on Dalal Street as the company got listed at Rs 1,305.10, a premium of 94% against its issue price of Rs 672 apiece on BSE. The stock listed at a premium of 93% at Rs 1,305.10 on NSE
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