Produced by: Aseem Thapliyal Designed by: Manoj Kumar
The domestic equity market hit record high in early trade. Sensex rose 381 points to 69,246 and Nifty added 128 points to settle at 20,814.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial said, "The super Monday which delivered a 418 point rally in the Nifty is unlikely to be repeated with the same ferocity in the coming days. But the market construct stays bullish. The massive institutional buying of above Rs 7000 crores on Monday is a reflection of institutional confidence in the Indian market. It is important to understand that FPIs have reversed their selling strategy and have been consistent buyers during the last 7 days. The market has the potential to go up by another 5 % in the next many weeks. Beyond that valuations will get stretched inviting correction in the market."
Shares of Adani Enterprises gained 10% in early trade today. The stock opened higher at Rs 2535.90 against the previous close of Rs 2529.30 on BSE. It hit an intraday high of Rs 2782.80, on BSE.
Shares of KPI Green Energy rallied 3% in early deals today after the firm said it has completed the acquisition of the 99.90% stake in KPark Sunbeat Private Limited. KPI Green Energy stock gained 3.06% to Rs 1223.95 on BSE. The power stock opened higher at Rs 1190 against the previous close of Rs 1187.55.
Shares of SBI rose 2.80% to Rs 611.35 in early trade today. The banking stock was the top gainer on Sensex. SBI stock opened at Rs 594.65 today on BSE. Total 4.93 lakh shares of SBI changed hands amounting to a turnover of Rs 29.80 crore on BSE. SBI’s market cap rose to Rs 5.44 lakh crore.
Shares of Bharat Heavy Electricals Ltd (BHEL) rose 4% to a fresh 52-week high today. BHEL stock gained 4.33% to Rs 181.65 on BSE. Total 13.78 lakh shares of the firm changed hands amounting to a turnover of Rs 24.62 crore. Market cap of the firm rose to Rs 62,241 crore. The stock hit a 52-week low of Rs 66.30 on February 27, 2023.
Shares of Federal Bank hit an all-time high today amid the broader indices scaling their all-time highs for the second consecutive session. Federal Bank shares touched a record high of Rs 158.05, rising 2.59% in early deals today against the previous close of Rs 154.05 on BSE. Market cap of the bank rose to Rs 38,295 crore.
Shares of Adani Green Energy jumped rose nearly 20 per cent in Tuesday's trade after India’s largest renewable energy player announced $1.36 billion in a follow-on funding to enhance its funding pool to $3 billion, as part of its Construction Financing Framework, since the initial project financing in March 2021. The stock rose to a high of Rs 1341.60. Market cap of the firm rose to Rs 2.11 lakh crore.
Shares of Adani Ports and Special Economic Zone extended gains for the second consecutive session. The stock surged 10 per cent to hit a one-year high of Rs 966. Market cap of the firm rose to Rs 2.07 lakh crore.
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