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The domestic equity market was trading lower on Friday. Sensex fell 221 points to 72,189 and Nifty lost 65 pts to 21,713.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, " Autos, construction and financials are set to do well in 2024. Autos are in a cyclical rebound, financials are fairly valued even after the recent run up and the prospects for construction related segments continue to look good. Capital goods will continue to do well in 2024 too. January is normally a poor month for the market. Q3 results and management commentary will be keenly watched by the market."
Shares of KPI Green Energy rallied to their record high today after the company said its board would meet on December 30 to consider and approve the proposal for issue of bonus equity shares. KPI Green Energy stock gained 10% to a high of Rs 1468.05 on BSE. The power stock opened higher at Rs 1371.40 against the previous close of Rs 1334.60 on BSE.
Shares of Vodafone Idea rose 15% to a fresh 52 week high of Rs 15.22 today. The firm saw 1605.27 lakh shares changing hands amounting to a high turnover of Rs 232.44 crore on BSE. Market cap of the firm rose to Rs 74,090 crore.
Shares of Surya Roshni rose 19% to a 52 week high of Rs 773 today. The firm saw 2.82 lakh shares changing hands amounting to a turnover of Rs 20.77 crore on BSE. Market cap of the firm rose to Rs 8328 crore .
Shares of Olectra Greentech rose 10.66% to a high of Rs 1378.55 today. The firm saw 2.70 lakh shares changing hands amounting to a turnover of Rs 36.04 crore on BSE. Market cap of the firm rose to Rs 11,130 crore.
Shares of Tata Motors hit their 52 week high of Rs 802.60. The auto firm saw 23.53 lakh shares changing hands amounting to a turnover of Rs 184.92 crore on BSE. Market cap of the firm rose to Rs 2.61 lakh crore.
Innova Captab Ltd made a positive debut on Dalal street with its shares listing at Rs 456.10, a 1.81 per cent premium over the issue price of Rs 448 per share on BSE. Later, the stock jumped 14.23 per cent to hit a day high of Rs 521 over its opening price.
Shares of Indian Energy Exchange (IEX) gained over 5% to a 52 week high of Rs 172.30 on BSE. The firm saw 62.97 lakh shares changing hands amounting to a turnover of Rs 106.26 crore on BSE. Market cap of the firm rose to Rs 15,178 crore.
Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position.