Produced by: Aseem Thapliyal Designed by: Manoj Kumar
Indian equity benchmarks were trading lower today. Sensex fell 74 pts to 66,827 and Nifty slipped 7 pts to 20,088.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, "The market construct has turned clearly bullish aided by favourable global and domestic cues. A significant trend in the market is the comeback of Bank Nifty. FIIs turning buyers for five days in a row and DIIs buying aggressively is a strong trend that can take the Nifty past the record Nifty high of 20,222 soon. India’s Q2 GDP numbers today will be better than expected. If these good macros are supported by today's exit poll results coming in tune with market expectations, a rally to record highs can happen soon."
Shares of Tata Technologies made a stellar debut on Thursday as the Tata Group stock listed at Rs 1,200, a premium of 140 per cent, over its issue price Rs 500 on the National Stock Exchange. The Tata Motors promoted entity was listed at a premium of 140 per cent at Rs 1199.95 against the same issue price on BSE. Market cap of the firm rose to Rs 53,061 crore.
Shares of Alembic Pharmaceuticals zoomed 16% in early trade to Rs 834 on BSE. Market cap of the firm rose to Rs 15,575 crore. Total 0.84 lakh shares of the firm changed hands amounting to a turnover of Rs 6.73 crore.
Shares of Adani Total Gas saw profit-booking in the current session a day after the stock zoomed 18% intraday on BSE. The stock fell 5.6% to Rs 691.55 in early deals today. Market cap of the firm fell to Rs 77,437 crore. Total 6.22 lakh shares of the firm changed hands amounting to a turnover of Rs 44.34 crore.
Shares of Adani Power slipped 3.79% to Rs 417.10 on BSE. Total 8.60 lakh shares of the firm changed hands amounting to a turnover of Rs 36.63 crore. Market cap of the firm fell to Rs 1.62 lakh crore.
Shares of Indian Renewable Energy Development Agency (IREDA) extended gains for the second straight session on Thursday with the stock rising 115% over its IPO issue price of Rs 32. IREDA shares hit an intraday high of Rs 68.91 on BSE, a 115.34% gain to the IPO price. Market cap of IREDA rose to Rs 17,682 crore in early deals.
Shares of RIL were trading flat in early deals. The stock traded 0.56% lower at Rs 2387.15 on BSE. Market cap of the firm stood at Rs 16.15 lakh crore. Total 42.71 lakh shares of the firm changed hands amounting to the highest turnover of Rs 1018.61 crore on BSE.
Shares of Timken India were trading flat at Rs 2935 today. Market cap of the firm stood at Rs 22,076 crore. Total 23.05 lakh shares changed hands amounting to a turnover of Rs 666.39 crore.
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