Benchmark indices opened higher on Tuesday. Sensex gained 235 pts to 66,296 and Nifty rose 73 pts to 19,638 amid a rally in the global markets
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “The global market construct continues to be favorable for the bulls. The declining dollar and the capital flows to emerging markets that it triggers can impart resilience to the market. However, high valuations and possible profit booking can restrain the rally. A healthy consolidation can be the near-term trend. Since the market has run up too much, too fast, a correction can happen at any time. Some profit booking at the present level can be considered. Good results from HDFC Bank augur well for Bank Nifty. More good results from banking stocks are likely.”
ICICI Bank stock rose to a 52-week high of Rs 983 against the previous close of Rs 969.15 on BSE. The market cap of the bank rose to Rs 6.86 lakh crore. A total of 1.44 lakh shares changed hands amounting to a turnover of Rs 14.08 crore
Adani Enterprises stock saw a high turnover on BSE today. A total of 0.97 lakh shares changed hands amounting to a turnover of Rs 23.65 crore. Market cap of the firm surged to Rs 2.83 lakh crore. The stock surged 3.61% to Rs 2495 on BSE
Shares of Reliance Industries rose nearly 1% to a 52-week high of Rs 2825.95 in early trade Market cap of the firm rose to Rs 19.03 lakh crore
Shares of Amara Raja Batteries slipped 5% to Rs 643.20 on BSE today. Market cap of the firm fell to Rs 11,085.73 crore. Clarios ARBL Holdings will likely sell its entire stake in Amara Raja Batteries via block deal, according to reports
Mahindra Logistics stock surged 10.50% to Rs 430 on BSE. Mahindra Logistics stock was among the top BSE gainers today. A total of 0.63 lakh shares changed hands amounting to a turnover of Rs 2.62 crore. Market cap of the firm surged to Rs 3,080 crore
Shares of Sheela Foam surged as much as 15% during the early trading session on the back of acquisition news by the mattress maker. Sheela Foam has announced the acquisition of a majority stake in Kurlon Enterprise and a significant stake in Furlenco's parent company. The stock hit intraday high of Rs 1,363.55 during the trading session
Brightcom Group stock rose 5% to Rs 28.84 in early deals. Market cap of Brightcom Group surged to Rs 5,670 crore. A total of 36.02 lakh shares changed hands amounting to a turnover of Rs 10.33 crore
Shares of Mazagon Dock Shipbuilders Ltd hit a record high in early deals amid a rally in the broader market today. The multibagger defence stock, which closed at Rs 259.7 on July 15, 2022 hit a record high of Rs 1,776.40 on the BSE today, delivering 560% returns during the period
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