Produced by: Aseem Thapliyal Designed by: Manoj Kumar
The domestic equity market was trading in the green on Friday. Sensex rose 261 points to 69,783 and Nifty gained 68 points to 20,969.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial said, "The market is likely to remain in a range in the near-term. A consolidation around the present levels is likely before the next phase of the rally begins. The undercurrents in the economy indicate a robust economy capable of sustaining the current trend of earnings growth into FY 25. Leading indicators like power demand, housing demand, credit growth and revival of rural demand suggest a resilient economy which can keep the market buoyant, restrained only by valuations. Fairly valued segments like banking may be accumulated on dips."
KIOCL shares were stuck in the upper circuit of 10% at Rs 375.90 today. Market cap of the firm rose to Rs 22,845 crore. Total 0.45 lakh shares of KIOCL changed hands amounting to a turnover of Rs 1.66 crore on BSE.
Shares of GMR Airports rose 12% to hit a 52 week high of Rs 69.63 against the previous close of Rs 61.66 on BSE. Market cap of the firm surged to Rs 41,430 crore.
Shares of Praj Industries fell nearly 10% to Rs 546.95 today. Total 6.67 lakh shares of the firm changed hands amounting to a turnover of Rs 37.75 crore on BSE. Market cap of the firm slipped to Rs 10,096 crore.
Shares of IIFL Securities Ltd hit their record high in early deals today after the Securities Appellate Tribunal (SAT) set aside a Securities Exchange Board of India (SEBI)’s order. The stock zoomed 14% to Rs 134.40 against the previous close of Rs 118 on BSE. Market cap of the firm rose to Rs 3,947.19 crore.
Shares of multibagger Jindal Saw Ltd were trading in the red in early deals today. The stock has delivered over 498% percent returns to investors in the last three years. The correction in the stock came despite the firm announcing that its board would meet on December 14, 2023 to consider and approve the proposal of raising of funds. Jindal Saw shares slipped 3.78% to Rs 434.15 in early deals against the close of Rs 451.25 in the previous session.
Shares of Adani Green Energy slipped over 6.5% to Rs 1517.55 today. Market cap of the firm fell to Rs 2.45 lakh crore on BSE. Total 6.62 lakh shares of the firm changed hands amounting to a high turnover of Rs 104.46 crore on BSE.
Shares of IREDA zoomed 14.75% to a fresh high of Rs 73.67 today. Market cap of the firm climbed to Rs 19,394 crore on BSE. Total 220.46 lakh shares of the firm changed hands amounting to a high turnover of Rs 155.60 crore on BSE.
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