Produced by: Aseem Thapliyal Designed by: Manoj Kumar
The domestic equity market was trading higher on Wednesday. Sensex rose 637 points to 71,777 and Nifty gained 192 pts to 21,713.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “The Fed decision tonight and the Interim Budget tomorrow will weigh on markets in the near-term. Global markets will be keenly watching the Fed comment on the timeline and quantum of rate cuts. The first rate cut is likely to come in June 2024. The decline in the 10-year yield to 4.02% is positive since it will restrain FPI outflows. The domestic market will be focused on the Interim Budget particularly on any proposals regarding taxation of investments relating to the capital market."
Shares of Vakrangee zoomed 20% to their record high in early trade. The stock hit upper circuit of 20% to Rs 30.18 against the previous close of Rs 25.15 on BSE. Total 237.45 lakh shares of the firm changed hands amounting to a turnover of Rs 68.60 crore.
Shares of PB Fintech rose 14.62% to a 52 week high of Rs 1044.90 today. The stock opened higher at Rs 963.95 on BSE. Market cap of the firm rose to Rs 45,876 crore. PB Fintech saw 4.14 lakh shares changing hands amounting to a turnover of Rs 41.89 crore on BSE.
Shares of KPI Green Energy rose 10% to Rs 1823.80 today. The stock opened higher at Rs 1691.15 on BSE. Market cap of the firm rose to Rs 7292 crore. KPI Green Energy saw 1.04 lakh shares changing hands amounting to a turnover of Rs 18.85 crore on BSE.
Shares of Delhivery zoomed over 4% to Rs 446.85 today. A total of 39.92 lakh shares of the firm changed hands amounting to a turnover of Rs 174.54 crore on BSE. Market cap of Delhivery rose to Rs 33,063 crore.
Shares of IREDA zoomed 5% to a record high of Rs 181.90 today. A total of 105.08 lakh shares of the firm changed hands amounting to the highest turnover of Rs 189.53 crore on BSE. Market cap of IREDA rose to Rs 48,890 crore.
Shares of Tata Investment slipped 11.42% from their record high of Rs 6100 today. The stock was among the top losers on BSE. It hit record high during the current session. A total of 0.61 lakh shares of the firm changed hands amounting to a turnover of Rs 34.88 crore on BSE. Market cap of the firm slipped to Rs 28,147 crore.
Shares of IFCI gained 10% to Rs 61.16 on BSE today. A total of 117.30 lakh shares of the firm changed hands amounting to a high turnover of Rs 70.64 crore on BSE. Market cap of IFCI climbed to Rs 15,225 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