Produced by: Aseem Thapliyal Designed by: Mohsin Shaikh
The domestic equity market was trading higher on Tuesday. Sensex rose 200 points to 71,306 and Nifty gained 82 pts to 21,431.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, "The global rally in December led by the mother market US has lifted most markets significantly and India was fortunate to have the lift from the state election results too. The 6% rally in Nifty in December has heated up the market a bit and the bulls are likely to wait for the New Year for further action. High valuations continue to be a short-term concern. However, the global market construct continues to be favourable with the US inflation, bond yields and the dollar index trending down.”
Shares of Mazagon Dock rose over 10% in early trade to Rs 2332.05 today. The firm saw 1.82 lakh shares changing hands amounting to a turnover of Rs 41.29 crore on BSE. Market cap of the firm rose to Rs 46,267 crore.
Shares of Indian Renewable Energy Development Agency Ltd (IREDA) fell over 7% in early trade amid a rally in the broader market today. IREDA stock slipped 7.5% to Rs 101.60 on BSE today. The firm saw 47.75 lakh shares changing hands amounting to a turnover of Rs 49.39 crore on BSE. Market cap of the firm fell to Rs 27,404 crore. At 11:18 am, the stock was trading 7.18% lower at Rs 101.96 on BSE.
Shares of Anupam Rasayan India Ltd rose over 3% today, after the firm inked a signed a Letter of Intent with a leading Japanese Multi-National Company (MNC). Anupam Rasayan shares climbed 3.23% to Rs 1039.70 against the previous close of Rs 1007.10 on BSE. Market cap of the firm climbed to Rs 10,806.80 crore in Tuesday's session. Total 2.12 lakh shares changed hands amounting to a high turnover of Rs 21.54 crore on BSE.
Shares of pesticides maker UPL rose 2.21% to Rs 594.90 after the firm said its board has approved a proposal to raise Rs 4,200 crore via rights issue. UPL stock ended 0.66% ended higher at Rs 581.70 on Friday. Total 1 lakh shares of UPL changed hands amounting to a turnover of Rs 5.87 crore today. Market cap of UPL rose to Rs 44,799 crore on BSE.
Shares of IT major Wipro rose over 2% to Rs 475.70 , a fresh 52 week high in early trade. Total 16.50 lakh shares of Wipro changed hands amounting to a turnover of Rs 76.75 crore today. Market cap of Wipro rose to Rs 2.47 lakh crore on BSE.
Shares of Indian Railway Finance Corporation were trading flat at Rs 97.37 today. Total 88.04 lakh shares of the firm changed hands amounting to a high turnover of Rs 86.30 crore on BSE today. Market cap of the firm fell to Rs 1.27 lakh crore on Tuesday.
Shares of Motisons Jewellers made a strong debut as the jewellery maker listed at Rs 109 on NSE, a premium of 98 per cent over its issue price of Rs 55 apiece. The scrip debuted at Rs 103.90 on BSE, up 89 per cent. The listing gains though came in lower than what the grey market was expecting: a listing pop of 125-130 per cent.
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